Bawumia meets traders and importers to discuss issues affecting them and the way forward

The Flagbearer of the New Patriotic Party (NPP) Vice President Dr Mahamudu Bawumia on Saturday, May 4 met with a cross-section  of market traders and importers in Accra to discuss issues affecting their businesses and the way forward.

Dr Bawumia said the meeting was “very fruitful”.

He said he took the opportunity to explain the new policies that I have proposed to improve the business environment in Ghana.

These new policies include aflat tax regime for all businesses and individuals to make the system transparent and enhance compliance as exists in Estonia, the tax amnesty to be implemented in 2025 for all individuals and businesses to eliminate tax liabilities up to a certain year

⁠A flat tax import duty system at the ports for containers of various goods in cedis to make import duties predictable for traders and avoid persistent increases in prices by traders in anticipation of higher import duties.

⁠Benchmarking import duties in Ghana to duties at the Lome Port such that Ghana’s import duties will not be higher than what exists in Togo

⁠Implement a policy of Faceless Audits by GRA by relying on technology

Abolishing the practice of invigilation by GRA where tax officers sit in shops (sometimes for months) to observe sales of traders.

“My proposals were received with so much excitement by the traders and I am encouraged by their support, It is Possible!” he wrote on his Facebook page.