Fri, 09 Feb 2024 NDC

‘Why is NDC now doubting removal of e-levy, others taxes after criticizing it' — Dr Gideon Boako quizzes

Dr. Gideon Boako, Spokesperson at the office of the vice presidentDr. Gideon Boako, Spokesperson at the office of the vice president

Dr. Gideon Boako, Technical Advisor and spokesperson at the office of the Vice President, has questioned why the opposition NDC is now doubting Dr. Mahamudu Bawumia’s promise to remove some taxes.

Vice President Dr. Mahamudu Bawumia in his vision speech on Wednesday, February 7, promised to abolish e-levy, emission tax, VAT on electricity and betting tax if voted as President.

The NDC has since doubted the claim noting that those taxes were introduced by his own government despite heightened opposition.

In a post via X on Friday, February 9, Dr. Boako hit back at the criticisms, noting the NDC always make assertions without facts.

"As usual, they say this without any analytical backing. Quite interesting," Dr. Boako wrote.

He explained that removing the four taxes promised would only amount to 0.29% of GDP in lost revenue.

This, the economist said, will be more than offset by expanding the tax net to raise an additional 2% of GDP in revenue and 3% of GDP in savings, according to Dr. Boako's analysis.

"So these two measures alone will improve the fiscal by 5% of GDP at least compared to a loss of tax revenue of O.29% of GDP," the vice president's spokesperson said.

Isaac Donkor Distinguished
Isaac Donkor Distinguished

News ReporterPage: IsaacDonkorDistinguished

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