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Abolishing some taxes will continue to make Ghana depend on foreign aid – PNC

The “Arise Ghana” Group Is Fully Backed By The NDC To Chase Clout – Janet Nabla
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The People’s National Convention (PNC) has kicked against the idea of Dr. Mahamudu Bawumia to abolish some taxes when voted into power .

The party believes the idea will still make Ghana dependent on foreign aid for survival.

Speaking with the General Secretary of PNC Madam Janet Nabla on Plan B FM’s morning show NKOSUONSEM hosted by Obidehye Kofi Sekyi, Madam Nabla stressed that every country develop based on their revenue generated through tax so if these taxes are abolised where would he get the money to work with?.

She stresses that reducing the size of the government and fighting corruption should be the agenda because she believe that money lost to corruption every year base on Auditor General’s report is a clear indication that it had derailed the progress of the country.

Meanwhil, the Flagbearer of the New Patriotic Party, Dr. Mahamudu Bawumia, has stated categorically that he will abolish the tax on electronic financial transactions popularly known as e-levy, if elected President of Ghana.

The controversial tax was introduced in 2022, and before the introduction, Vice President Bawumia had declared his opposition to levies on electronic financial transactions.

Delivering his first major address to the nation after he was elected NPP flagbearer, Dr. Bawumia minced no words in declaring his opposition to taxes on electronic financial transactions, declaring that he will abolish e-levy as President.

Dr. Bawumia added that his bid for a Digital and Cashless Ghana will be significantly boosted if e-levy is abolished.

“To move towards a cashless economy, however, we have to encourage the population to use electronic channels of payment. To accomplish this, there will be no taxes on digital payments under my administration. The e-levy will, therefore, be abolished,” he declared.

Dr. Bawumia also announced that as part of a new tax regime by his government, he will also abolish the emission tax, tax on betting as well as the proposed 15% VAT on electricity tariffs, if it is in existence by January 2025.

He also announced that his government would introduce what he described as a friendly, flat tax regime for Ghana, which will boost individuals and businesses, particularly small and medium-scale enterprises (SMEs).

“My administration will introduce a very simple, citizen and business-friendly flat tax regime. A flat tax of a % of income for individuals and SMEs, which constitute 98% of all businesses in Ghana, with appropriate exemption thresholds set to protect the poor,” Dr Bawumia indicated.

Source: Maxwell Ohene Addo/Planbfmonline.com
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