Ghana election: Bawumia pledges to scrap e-levy and betting tax if elected president
Ahead of the presidential election Ghana, the flagbearer of the New Patriotic Party (NPP), Dr Mahamudu Bawumia, has again assured his commitment to end the controversial E-Levy and betting tax if elected President.
Speaking at the NPP’s manifesto launch in Takoradi on Sunday, he outlined his administration’s vision for comprehensive tax reforms aimed at reducing the financial burden on Ghanaians.
This includes a tax amnesty for previous years’ unpaid taxes, as well as waivers on interest and penalties for unfiled taxes.
The incumbent Vice-President, who is seeking to replace President Nana Akuffo-Addo, also revealed his strategies to position Ghana as a global digital leader, focusing on policies, competitive incentives, and strategic investments to transform the nation into a world-class digital economy, Myjoyonline reports.
“We will fast-track Ghana’s transformation into Africa’s digital hub through strategic policies, incentives, and investments. This includes investing in local talent and tech start-ups while abolishing the E-Levy.
“We’ll implement broad tax reforms, offering a one-time tax amnesty to all Ghanaians and corporate entities, wiping the slate clean from previous tax obligations. This will give everyone a fresh start in their tax journey.
“We will reform the Value Added Tax system by consolidating all levies into a single line item, which will be treated as part of input and output VAT, eliminating the cascading effect of the current regime.
“We’ll also reduce Withholding Tax for small-scale gold exports to 1% to curb smuggling, and abolish the Betting Tax,” Dr. Bawumia promised.
