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Bawumia's one-time tax amnesty a good idea for businesses

The Head of the Business and Economic Bureau of the Ghana Union of Traders' Associations (GUTA), Charles Kusi Appiah Kubi, has welcomed the pledge by the New Patriotic Party (NPP) flagbearer, Dr Mahamudu Bawumia to introduce a one-time tax amnesty policy as part of a broader reform of the country's tax system should he emerge President in the December polls.

According to him, it will ease the tax burden on businesses and reduce the evasion of taxes.

This comes after the NPP flagbearer, Dr Mahamudu Bawumia assured businesses of tax amnesty in 2025 if he wins the December 2024 presidential elections.

According to him, the country’s current tax structure is not fit for purpose, and he therefore wants the tax system to change.

“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 and abolish E-Levy.

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