‘If I'm elected, I’ll grow the private sector for Ghana’s economic gain’ — Bawumia

Dr. Mahamudu Bawumia, the New Patriotic Party’s (NPP) flagbearer for the 2024 elections, has reaffirmed his commitment to leveraging the private sector as the cornerstone of Ghana’s economic growth.

In a Facebook post on Friday, November 8, Dr. Bawumia outlined his vision for private-sector-driven economic growth and promised transformative policies to foster a conducive environment for businesses.

“I strongly believe in the private sector as the engine of growth of our economy,” Dr. Bawumia stated, following his participation in the CEOs Presidential Manifesto Gala held in Accra.

He emphasized that his administration would pursue “bold, business-friendly policies” designed to spur sustainable growth within the private sector, which he sees as vital to Ghana’s overall economic progress.

Dr. Bawumia’s proposed policies include a streamlined tax regime with tax amnesty, a simple flat tax rate, and electronic tax filing to simplify the processes and improve compliance.

His vision also includes a flat import duty in Ghanaian Cedis, and benchmarking this rate with Togo to increase Ghana’s regional competitiveness.

As part of his economic strategy, the Vice President reiterated his pledge to abolish the e-levy, a tax that has been widely criticized by businesses.

Dr. Bawumia also highlighted the role of the private sector in public infrastructure projects, pledging to empower private entities to lead initiatives that traditionally fall under the government.

This partnership, he argued, is crucial for sustainable development, enabling the private sector to directly contribute to national growth.