- Bawumia aims to introduce a flat-rate tax system
- He has pledged to cut government expenditure by 3% of GDP
- Bawumia plans to complement the flat tax system with a Tax Amnesty Programme
In a bid to bolster Ghanaian businesses, Dr. Mahamudu Bawumia, the New Patriotic Party’s (NPP) presidential candidate, has reiterated his plan to implement a flat-rate tax system modeled after Estonia’s approach.
He believes this system will streamline tax administration by providing clear insights into tax obligations, making it simpler for businesses to file and pay their taxes, thereby fostering economic growth.
Speaking at the party’s manifesto launch in Takoradi, Western Region, Dr. Bawumia also committed to reducing government expenditure by 3% of GDP—approximately GH₵30 billion—should he win the 2024 elections.
He outlined his strategy to support businesses through a flat tax system, complemented by a Tax Amnesty Programme, which he claims will facilitate industry expansion, job creation, and overall economic activity.
Additionally, he plans to stabilize the currency with a gold purchase program to provide businesses with predictable planning and stable input prices.
