The New Patriotic Party (NPP) flagbearer, Dr. Mahamudu Bawumia, has reiterated his promise to do away with the divisive E-Levy and betting tax if he wins the presidency in the general elections of 2024.
He said that his government will implement extensive tax reforms, including tax amnesty for past-due taxes and exemptions of interest and penalties on unfiled returns, in order to lessen the financial burden on Ghanaians.
On Sunday, August 18, at the party’s manifesto launch in Takoradi, Dr. Bawumia presented plans to accelerate Ghana’s development into a top-tier digital economy.
He claims that strategies investments, competitive incentives, and legislation will be used to accomplish this.
“We will accelerate Ghana’s growth into a world-class digital economy and make Ghana the digital hub of Africa. We will do this through policies, competitive incentives and investments. We will invest in developing local talent and tech start-ups. Abolish E-Levy.
“Implement wide-ranging tax reforms-offer a one-time tax amnesty to all Ghanaians and corporate entities through Tax amnesty from the payment of taxes from the previous years. The waiving of interest and penalties for failures to file taxes in previous years. This will enable everyone to start their tax journey afresh.
“It will “wipe the slate clean” for all taxpayers in Ghana – reform the Value Added Tax regime by merging all levies into a single line-item levy, and treat the merged levy as part of input and output VAT, to eliminate the cascading effect in the current regime – reduce Withholding Tax (WHT) for small-scale gold exports to 1% to discourage smuggling – abolish the Betting Tax.”
