The President of the Association of Ghana Industries, Dr. Humphrey Ayim-Darke, has commended the proposal by Vice President Dr. Mahamudu Bawumia to streamline VAT and other taxes.
Addressing the nation on Wednesday to outline his vision for the country, Dr Bawumia, who is the new Flagbearer of the NPP, announced, what he called friendly tax regime, which he said were meant to boost businesses and business owners.
Speaking on JoyNews’ PM Express show, Dr. Ayim-Darke expressed optimism about the proposal, adding that it is good for businesses and also geared towards expanding the tax net.
‘’This proposal makes us happy because it deals with some fundamental challenges we have complained about over the years. With this decision, businesses can breathe sighs of relief since the burdensome nature of our tax system is worrying us. We welcome this proposal’’ Dr. Ayim-Darke said.
‘’We have, over the period expressed concern about the VAT and we say in the case of the VAT, the imposition of the VAT structure has cascading effects, and it needs to be streamlined to make businesses competitive’’ he stated.
‘’Bawumia’s ideas and vision are laudable. We are only waiting for the measures he would adopt to implement them. They are feasible and we are happy about that’’ Dr. Humphrey Ayim-Darke further opined.
‘We shall support Dr. Bawumia to perfect his visions so that we can all benefit from them as business owners’’ the President of AGI further emphasized.
Vice President Dr. Mahamudu Bawumia proposed to do away with aJ number of taxes and change the course of governance if he is elected president.
