Dr. Mahamudu Bawumia, the Vice President and flagbearer of the New Patriotic Party (NPP), outlined his vision for Ghana’s future, focusing on economic growth, job creation, and reduced cost of living.
Dr. Bawumia emphasized the importance of protecting and expanding the rebounding economy, attaining macroeconomic stability, and promoting fiscal discipline.
He pledged to enhance fiscal discipline through an independent fiscal responsibility council and amend the fiscal responsibility act to prevent budgetary expenditures based on optimistic revenue forecasts.
“My government’s Inshallah will enhance fiscal discipline through an independent fiscal responsibility Council enshrined in the fiscal responsibility Act,” Dr. Bawumia stated.
He also highlighted the need to empower the private sector, reduce the fiscal burden on government, and ensure access to education and healthcare for all.
Dr. Bawumia commended the current administration’s social policies and programs, such as free senior high school and expanded school feeding, and pledged to protect and deepen these initiatives.
The NPP’s 2024 manifesto prioritizes the concerns of Ghanaians, including the cost of living, jobs, and roads.
Dr. Bawumia emphasized the need for fiscal discipline, private sector empowerment, and efficient governance to address these challenges.
“To increase government tax revenue, we have to reform and refocus the Ghana Revenue Authority towards broadening the tax base,” Dr. Bawumia said, announcing plans to introduce a flat tax system and simplify the corporate tax regime.
He also outlined policies to support businesses, including investment tax credits for startups, a flat rate system of duties for importers, and harmonized port charges.
Dr. Bawumia pledged to establish an SME Bank, complete the digitalization of land registration, and create special economic zones to enhance economic activity and create jobs.
To address the cost of living, Dr. Bawumia promised to prioritize food security through technology and irrigation, promote agricultural land use, and stabilize food prices through financing and guarantees for agricultural lending.
“We will reduce the cost of transportation by promoting and supporting electric vehicles for public transport,” Dr. Bawumia added, highlighting plans to introduce electric buses and expand the gold for oil program to stabilize fuel prices.
