{"id":69281,"date":"2024-03-23T06:43:36","date_gmt":"2024-03-23T06:43:36","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/uncategorized\/our-tax-system-has-been-the-same-since-independence-and-it-hasnt-helped-us-but-bawumia"},"modified":"2024-03-23T07:33:50","modified_gmt":"2024-03-23T07:33:50","slug":"our-tax-system-has-been-the-same-since-independence-and-it-hasnt-helped-us-but-bawumia","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/our-tax-system-has-been-the-same-since-independence-and-it-hasnt-helped-us-but-bawumia","title":{"rendered":"Our tax system has been the same since independence and it hasn\u2019t helped us but\u2026- Bawumia"},"content":{"rendered":"

Africa-Press – Ghana. <\/strong><\/span>The Vice President and Flagbearer of the NPP, Dr. Mahamudu Bawumia, has reitereated that businesses and individuals will have a clean tax slate under his Presidency in 2025, to usher in a new tax system.<\/b><\/p>\n

During his maiden address to the nation as flagbearer of the NPP, Dr. Bawumia announced that his government will introduce a new friendly tax regime aimed at boosting businesses and making the private sector competitive.<\/p>\n

At a stakeholder interaction with members of the Ghana National Chamber of Commerce and Industry in Accra on Wednesday, Dr. stressed on the need for a new tax regime to aid his vision of carrying the private sector along, under his government.<\/p>\n

\u201cOur tax system has been the same since independence and it has not helped us so we have to change it,\u201d Dr. Bawumia said.<\/p>\n

\u201cWe are going to have a new tax system. It is going to be a flat tax system to ensure competitiveness and business friendliness. To usher in the new tax regime, there will be tax amnesty for individuals and businesses 2025 under my Government. It will be a clean slate for everrone for us to start afresh,\u201d added the Vice President, amidst cheers from the business community.<\/p>\n

As part of Dr. Bawumia\u2019s new tax system, he also stated that, beginning 2025, under his Presidency, there will be no longer human interface in tax audits.<\/p>\n

\u201cWe are also going to have a faceless tax audits to prevent harassment of businesses and corruption. And audit of any company cannot be more than once in 5 years unless there is a reason. This is what other countries are doing,\u201d he added.<\/p>\n

\u201cMy vision is to make Ghana one of the most tax competitive countries in the world. I have studied many tax systems and recently, I went to Estonia which is one of the most digitised and competitive tax countries in the world, to study their tax system. I believe it is possible for us to achieve that in Ghana and even be better.<\/p>\n

Dr. Bawumia also reietreated his pledge tk abolish a number of taxes as President, including taxes on electronic financial transactions.<\/p>\n

\u201cI will abolish certain taxes like the e-levy as I have said, because we want to encourage a cashless system.\u201d<\/p>\n

For importers, Dr. Bawumia also committed to his pledge of instituring a flat rate for the importation of spare parts as well ad benchmarking Ghana\u2019s port charges with Togo, to be competitive.<\/p>\n

\u201cWe can even be lower, to make Ghana the most competitive,\u201d he said.<\/p>\n

The Chamber, while making some suggestions to the Dr. Bawumia also commended him for a number of his policies, and welcome, especially, his new tax regime of flat tax and and tax amnesty for businesses and individuals, as well as his pledge make the private sector the driving force of the Ghanaian economy.<\/p>\n

For More News And Analysis About Ghana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Ghana. The Vice President and Flagbearer of the NPP, Dr. Mahamudu Bawumia, has reitereated that businesses and individuals will have a clean tax slate under his Presidency in 2025, to usher in a new tax system. During his maiden address to the nation as flagbearer of the NPP, Dr. Bawumia announced that his […]<\/p>\n","protected":false},"author":84,"featured_media":69280,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[5092,5096,429],"class_list":["post-69281","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-ghana","tag-ghana"],"yoast_head":"\nOur tax system has been the same since independence and it hasn\u2019t helped us but\u2026- Bawumia - Ghana<\/title>\n<meta name=\"description\" content=\"The Vice President and Flagbearer of the NPP, Dr. Mahamudu Bawumia, has reitereated that businesses and individuals w ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/ghana\/all-news\/our-tax-system-has-been-the-same-since-independence-and-it-hasnt-helped-us-but-bawumia\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Our tax system has been the same since independence and it hasn\u2019t helped us but\u2026- Bawumia\" \/>\n<meta property=\"og:description\" content=\"The Vice President and Flagbearer of the NPP, Dr. Mahamudu Bawumia, has reitereated that businesses and individuals w ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ghana\/all-news\/our-tax-system-has-been-the-same-since-independence-and-it-hasnt-helped-us-but-bawumia\" \/>\n<meta property=\"og:site_name\" content=\"Ghana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-23T06:43:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-23T07:33:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/03\/sm_1711166413.678479.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"747\" \/>\n\t<meta property=\"og:image:height\" content=\"465\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/our-tax-system-has-been-the-same-since-independence-and-it-hasnt-helped-us-but-bawumia#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/our-tax-system-has-been-the-same-since-independence-and-it-hasnt-helped-us-but-bawumia\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Our tax system has been the same since independence and it hasn\u2019t helped us but\u2026- Bawumia\",\"datePublished\":\"2024-03-23T06:43:36+00:00\",\"dateModified\":\"2024-03-23T07:33:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/our-tax-system-has-been-the-same-since-independence-and-it-hasnt-helped-us-but-bawumia\"},\"wordCount\":503,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/our-tax-system-has-been-the-same-since-independence-and-it-hasnt-helped-us-but-bawumia#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/03\/sm_1711166413.678479.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Ghana\",\"ghana\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/ghana\/all-news\/our-tax-system-has-been-the-same-since-independence-and-it-hasnt-helped-us-but-bawumia#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/our-tax-system-has-been-the-same-since-independence-and-it-hasnt-helped-us-but-bawumia\",\"url\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/our-tax-system-has-been-the-same-since-independence-and-it-hasnt-helped-us-but-bawumia\",\"name\":\"Our tax system has been the same since independence and it hasn\u2019t helped us but\u2026- Bawumia - 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