Election 2024: Dr Bawumia’s Strategy for the Future

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1. Achieve, and sustain an average 6% growth by expanding Agriculture, Mining (including establishing Minerals Development Bank), 1D1F, Emerging Industries, Digital Hub & Services, Sports, Tourism, and Creative Arts
2. increase Public-Private-Partnerships (PPPs) as an important funding model for delivering public infrastructure projects
3. establish an independent Fiscal Responsibility Council to oversee Fiscal Policy, and
4. amend the Fiscal Responsibility Act to add a new fiscal rule that requires that expenditure in any year does not exceed 105% of the previous year’s tax revenue
5. train 1,000,000 youth in digital skills
6. create jobs through private-sector construction and infrastructure development, industrialisation, and Agribusiness
7. create jobs through the Tax Amnesty Programme
8. create jobs for artisans (carpenters, masons, welders etc) and built environment professionals, to maintain public infrastructure, through a revived and resourced PWD
9. create SME jobs with the introduction of The SME Bank
10. create jobs through the minerals industry, and its value chain (aluminium, gold, lithium, manganese, salt etc)
11. employ more security services personnel
12. create jobs through the National Cybersecurity Workforce Development Programme
13. recruit more special needs teachers
14. set quotas for recruitment of PWDs for public sector recruitment
15. employ more lawyers for legal aid (at least 2 for each District)
16. create other jobs through Tourism, Creative Arts and Sports; “Jobs Abroad” Programme; “Youth in Seafaring” Programme; Aviation & Logistics; Green Energy Industries, including EVs, and
17. support businesses to drive and accelerate job creation by:
18. cutting 3% of GDP from government expenditure (~GH₵30 billion), and redirecting it towards private sector provision of public infrastructure and services
19. using our tried and tested gold purchase programme to stabilise the currency, to give businesses and industries predictability in planning, and ensure stability in input prices
20. introduce a flat rate tax system in Ghana, like Estonia. This will simplify the tax administration by giving taxpayers visibility into their tax obligations and therefore easier to file and pay their taxes
21. complement the Flat Tax regime by using a Tax Amnesty Programme to enable industries finance their expansion, recruit more employees, and energise economic activity
22. implementing a significant shift in electricity tariffs structure to a regime in which commercial rates are either equal to, or lower than residential rates, never higher, to power industries and businesses
23. establishing an SME Bank to meet the special financing needs of small and medium businesses, which employ over 80% of Ghanaians
24. establishing a Fintech Fund with seed capital of US$100 Million (~GH₵1.6 billion) to attract additional private sector funding to support Ghanaian start-ups developing payments and financial services solutions
25. reforming the licensing regime for the small-scale mining sector and establishing a Minerals Development Bank to finance viable local mineral projects, small scale miners, as well as Ghanaian mining and mining services firms
26. using the Credit Scoring System to enable the average Ghanaian access basic needs through cheaper credit: “Buy now, pay small, small”. This will increase domestic demand, increase production and create jobs

27. using the Tax Amnesty Programme for Individuals to increase disposable income to stimulate and boost demand for goods and services, for businesses to produce more, expand and employ more
28. using Government’s purchasing power to stimulate industrial expansion and business growth, which will help create jobs, by rolling out a “Buy Ghana First” policy under which all goods and services procured by the public sector will first be filled by goods and services produced locally, and
29. completing the digitalisation of land titling and registration to enable owners of landed properties to use their properties as collateral to raise capital for business growth and expansion
30. offer a one-time tax amnesty to all Ghanaians and corporate entities through:
31. tax amnesty from the payment of taxes from the previous years
32. the waiving of interest and penalties for failures to file taxes in previous years
33. reform the Value Added Tax regime by merging all levies into a single line-item levy, and treat the merged levy as part of input and output VAT, to eliminate the cascading effect in the current regime
34. reduce Withholding Tax (WHT) for small scale gold exports to 1% to discourage smuggling
35. abolish the Betting Tax
36. incentivise Ghanaian start-ups in selected, strategic sectors with Investment Tax Credits (ITC) for the first three (3) years of their operations
37. digitise all aspects of tax administration to reduce leakages, improve efficiency and ease of filing
38. implement a Flat Rate for all importers, bringing predictability and stability on prices of imported goods
39. harmonise port charges to align with charges in competing regional ports, particularly Togo. Duties at our ports will be same or lower, and
40. broaden the tax base by leveraging digitalisation to capture more eligible taxpayers to reduce the pressure on the few
41. training 1,000,000 young people in all areas and levels of digital skills
42. working with educational institutions and leading Ghanaian and global tech firms to establish a National Robotics, Engineering, and AI Lab for research and training of young Ghanaians locally
43. providing venture funding and grant support for commercially viable tech projects by Ghanaian start-ups to drive innovation, foster high-tech entrepreneurship, create jobs, and support growth of Ghanaian high-tech businesses
44. providing “live lab” opportunities to Ghanaian tech start-ups under a Matchmaking Programme, by purposely connecting them to matured/large tech firms working on government tech projects, to help start-ups test their ideas in real-world environments, and to accelerate their product development cycle
45. working with the Bank of Ghana to significantly expand our Regulatory Sandbox to admit more Ghanaian as well as regional Fintechs. This will position Ghana as a Multi-Regulatory/Multi- Jurisdictional Sandbox for financial and payments interoperability
46. establishing a Fintech Fund with seed capital of US$100 Million to attract additional private sector funding to support Ghanaian start- ups developing payments and financial services solutions, specially focused on Region-wide, exportable solutions
47. continue leading in the African Union policy campaign to achieve cross-border mobile money interoperability to enhance significantly the buying and selling of goods and services across Africa. This will instantly expose Ghanaian enterprises and young entrepreneurs to a market of 1.4 billion people
48. promoting and supporting Electric Vehicles (EV) for public transportation
49. expanding the Gold-For-Oil Programme (G4O) to continue stabilising the price of fuel
50. stabilising the prices of spare parts through the “Flat Rate for all importers” policy which will bring predictability and stability on prices of imported goods, and
51. making drivers’ licenses valid for 10 years, renewable every 5 years
52. Bringing on stream 2,000 megawatts of solar power
53. complete the 15 Forward Operating Bases (FOB) at our border frontiers of Ghana. This is to allow the military to swiftly respond to any external hostilities and threats posed by terrorists in the Region
54. continue equipping Ghana’s security services to build their capability in protecting the nation
55. deepen the cooperation with our neighbouring states, and the international community, in the fight against violent extremism, and
56. recruit and deploy 20,000 more security personnel to enhance police visibility and strengthen the human resource of other security services; roll out 50,000 more anti-crime cameras (CCTV Cameras), body cameras for the police, and other logistics
57. directing policy through the National Lotteries Authority and the Gaming Commission to establish and fund a Sports Employment Module to assist Premier League clubs fund operational expenses, including player remuneration, and
58. provide a bus each to Premier League Clubs
59. build six (6) 5,000-seater capacity, standard stadiums for the new regions
60. promote school sports by establishing a Ghana School Sports Secretariat to create more opportunities for young people in sports, and collaborate with international sports bodies like the NBA and NFL to make Ghana a hub for emerging sports in Africa
61. Fully implement the District Road Improvement Programme (DRIP)

Source: NPP Manifesto For Election 2024