- Ghana's vice president says the NPP government tremendous achievement and stability of the economy is amazing
- Dr Bawumia noted that current growth in the economy is plus for the Akufo-Addo administration
Dr. Mahamudu Bawumia says the NPP government led by President Akufo-Addo is carrying out a solid economic management that is “confusing some people”.
According to the vice president it is understandable if some people, especially, members of the opposition NDC finds it hard to comprehend how the NPP is growing the economy. He opined that the current economic growth from 3.7% to 7.9% within a year is a plus for the government.
Dr. Bawumia was speaking at an entrepreneurship summit organised by the National Youth Authority (NYA) in collaboration with the Commonwealth Alliance of Young Entrepreneurs (CAYE).
He noted that the NPP government is keen on making the economy better for entrepreneurs hence the downward review of utility tariffs by 30% for businesses as a recent step to help businesses.
"This is something that many people thought was not possible...people thought this must be election talk...but we knew it was possible."
He also mentioned the removal of import on VAT on over a thousand items in 64 commodity imports. This he said, adds to the abolition and reduction of 15 taxes in its first year.
"Remarkably, we are doing all this while balancing the books," he said.
"People are a little confused about how this government can come into office, inherit this big deficit with economic growth at 3.6%, promised to do 15 tax cuts, brings free SHS, restores teacher training and nursing training allowances, reduce electricity tariff and yet you grow the economy from 3.7% to 7.9% in the same year.
"This is what we call good economic management,” Dr Bawumia said.
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