Bawumia affirms support for growth of businesses with friendly tax system
Published:
3 months ago
Source:
3News
Dr Bawumia
The Vice President and Flagbearer of the NPP, Dr. Mahamudu Bawumia has pledged to ensure a friendly business environment, in his 2024 NPP Manifesto. Delivering his address at the launch of the Manifesto in Takoradi on Sunday, Dr. Bawumia stressed on strong desire to support and expand businesses and the private sector through a new tax regime by his government, which he said, has been designed to aid businesses and also help the economy grow.
"To increase government tax revenue, we have to reform and refocus the Ghana Revenue Authority (GRA) towards broadening the tax base. Estimates suggests revenues amounting to 13% of GDP (or $24 billion in 2023) are not collected because people are outside the tax net," he said.
"We want a tax regime that is easy to understand, easy to comply with and easy to enforce and that is not subject to so much discretion.