Dr. Mahamudu Bawumia engages with EU business executives and ambassadors - Onlinetimesgh

Dr. Mahamudu Bawumia engages with EU business executives and ambassadors

Dr. Mahamudu Bawumia, the Vice President of Ghana and flagbearer of the New Patriotic Party (NPP), called a noteworthy meeting with EU ambassadors and a few executives from the business sector at the EU Ambassador’s Residence in Accra. Dr. Bawumia utilized the occasion to present his strategic plan for the advancement and reforms of Ghana in hopes that he would be elected President of the Republic of Ghana.

In his vision for the future development of the nation, Dr. Bawumia emphasised the need to modernise the tax system and drew inspiration from Estonia’s blockchain model. In order to grow the number of taxpayers, he emphasised the necessity of improved tax traceability and data cross-checking.

Dr Bawumia talked about intentions to invest in electric vehicles and public transit, mentioning the impending arrival of 200 Honda electric buses for testing in the coming months. He emphasised the necessity of industrialization to create jobs and draw in investments, as well as the significance of ethical small-scale mining to stop environmental deterioration.

The Vice President emphasised the role that technology plays in restructuring industries like agriculture and tackling problems related to regional security. He pushed for collaboration with neighboring nations and Europe, underscoring Ghana’s dedication to upholding an inclusive democracy in the face of subregional unrest.

In order to promote a more favourable investment environment, Dr. Bawumia stated that he was willing to review policies, especially those pertaining to local content and the Ghana Investment Promotion Centre (GIPC) Act. In addition to suggesting changes to property title systems and investor tax breaks, he emphasised the significance of consistency in company legislation.

The NPP flagbearer and vice president also suggested digitising procedures to reduce corruption and streamlining the tax code with a flat tax rate. He emphasised the need for competition in the energy sector, namely the elimination of VAT on solar energy, in order to enhance services and lessen monopolies.

Dr. Bawumia reaffirmed his support for Free SHS and reminded everyone in attendance of the significant step education has taken with STEM and other educational initiatives that seek to expand students’ horizons, all the while acknowledging the role that education plays in nation-building.

In summary, Dr. Bawumia’s all-encompassing strategy seeks to address Ghana’s major issues while promoting economic growth, luring investment, and improving governance.

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