Dr. Mahamudu Bawumia’s vision for Ghana’s future and development aligns with the nation’s aspirations, according to a stalwart of the New Patriotic Party (NPP). This vision is built on several key pillars.
Addressing the press today, the New Patriotic Party Constituency Chairman for the Amenfi West in the western region, Mr. Obed Asamoa highlighted several reasons Ghanaians should vote for the NPP Presidential Candidate. He said Bawumia has not deviated from his core mandate as the head of the economic management team of this current Npp government.
Per his statement, he reiterated one clear vision of Dr. Bawumia which emphasizes the need for a mindset shift, focusing on possibilities rather than impossibilities. This mindset will enable Ghanaians to tap into their resourcefulness and talents, regardless of ethnic, political or religious backgrounds.
Sustained Macroeconomic Stability
To achieve economic stability, Dr. Bawumia proposes:
– _Low inflation_
– _Low interest rates_
– _Exchange rate stability_
– _Low budget deficits_
He plans to enhance fiscal discipline through an independent Fiscal Responsibility Council and amend the Fiscal Responsibility Act to prevent budgetary expenditures based on optimistic revenue forecasts.
Prudent Management of Government Expenditure
Dr. Bawumia’s strategy includes:
– _Leveraging the private sector_ to reduce government expenditure
– _Incentivizing private sector investment_ in infrastructure and services
– _Implementing public-private partnerships_ for road construction and maintenance ¹
A New Tax System
To increase government revenue, Dr. Bawumia proposes:
– _Reforming the Ghana Revenue Authority_
– _Introducing a flat tax regime_ for individuals and SMEs
– _Simplifying the corporate tax system_ and VAT regime
– _Digitalizing tax administration_ for transparency and accountability ¹
Building a Digital Economy
Dr. Bawumia aims to:
– _Achieve 100% internet penetration_
– _Develop digital talent_ for the Fourth Industrial Revolution
– _Promote STEM, robotics and artificial intelligence_ in education
– _Establish Ghana as a digital hub_ in Africa ¹
Reducing the Cost of Living
To alleviate economic burdens, Dr. Bawumia plans to:
_Attain food security_ through technology and irrigation
– _Reduce transport costs_ with electric vehicles
– _Implement housing policies_ to address rent advance issues
– _Promote energy self-sufficiency_ through solar and renewable energy
Power Sector Reform
Dr. Bawumia’s vision includes:
– _Diversifying the energy mix_ with solar and wind power
– _Introducing market efficiency_ to the energy sector
– _Encouraging private sector participation_ in generation and retail ¹
A Golden Age for Natural Resources
To maximize benefits from natural resources, Dr. Bawumia proposes:
– _Value addition and Ghanaian ownership_
– _Formalizing and regulating small-scale mining_
– _Supporting artisanal and small-scale gold mining_
– _Establishing community mining schemes_ ¹
Dr. Bawumia’s comprehensive vision addresses Ghana’s economic, social and developmental challenges, aligning with the nation’s aspirations for a brighter future.