Flagbearer for the New Patriotic Party (NPP), Dr. Mahamudu Bawumia has reaffirmed his commitment to the Ghana Business Community of his intentions to enact a market friendly tax reforms to enhance business under his government.
In an interactive engagements with members of the Ghana Union of Traders’ Association (GUTA) on Friday, he recapitulated his decision to enact a Flat Rate Tax System and the Tax Amnesty initiatives. Dr. Bawumia also assured the Business Community of his strategies to enact fixed duties at the port on 20 and 40 footer containers to secure certainty of pricing of imported goods.
My government will be business-centered and make Ghana one of the most business-friendly economies in the world
He indicated that tax policies like the Tax Amnesty and the Flat Rate Tax will create a business friendly environment and also establish consistency which will result in the eradication of smuggling. He noted that these tax policies are paradigm shifters and will ensure growth and stability in the business environment. Dr. Bawumia also assured the Business Community of his strategies to enact fixed duties at the port on 20 and 40 footer containers to secure certainty of pricing of imported goods.
My proposed business-friendly tax reforms, including the game-changing tax amnesty and flat tax rates for businesses and individuals, flat-rate duties on containers, as well as benchmarking our import duties with Togo, to ensure uniformity and also eliminate smuggling.
