My Government would Prioritise Business, says Dr. Bawumia

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Dr. Bawumia pledges priority to business in government agenda. Stay updated on economic policies and initiatives.

The Vice-President, Dr. Mahamudu Bawumia, has assured the business community in Ghana that his government will prioritize the business sector. He addressed members of the Ghana Union of Traders Association (GUTA) and outlined reforms, including establishing a credit system and reducing government expenditure to lower borrowing and interest rates.

Dr. Bawumia emphasized shifting government expenditure to the private sector to minimize costs. This meeting aimed to gather input from GUTA for the new ruling party’s manifesto. Concerns raised included harassment of Ghana Revenue Authority staff, high port costs, and foreign dominance in retail.

Regarding access to credit, Dr. Bawumia highlighted efforts to integrate databases for a credit scoring system by June. He proposed a new port tax system and a gold purchase program to strengthen the currency. He pledged to make Ghana a business-friendly economy, with plans for a simplified tax system and equalizing port duties to discourage smuggling.

Dr. Joseph Obeng, President of GUTA, emphasized the importance of incorporating citizens’ concerns into political manifestos for greater accountability and trust in governance.

Source: Graphic Online

 

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