The Central Regional Campaign Coordinator of the incumbent National Democratic Congress (NDC), Cassiel Ato Forson, has described the New Patriotic Party’s (NPP) promise to reduce taxes if elected into office as a deception.
According to him, it will be unwise for any government to implement such a measure, which he argues will be inimical to the growth of the economy.
The New Patriotic Party has chastised government for increasing taxes to the point of burdening businesses and has pledged to reduce and in some cases scrap some taxes should the NPP be voted into office on December 7.
But addressing party supporters of the NDC at a ceremony to outdoor the NDC’s Central Regional Campaign Task-force at Agona Swedru in the Central Region, the Deputy Finance Minister said the current tax policy if reversed will negatively affect the economy.
The Ajumako Enyan-Essiam Member of Parliament (MP) said no party in Ghana can reduce corporate tax by 50 per cent as promised by the NPP.
“I have heard somebody saying he would reduce taxes by fifty per cent when he wins power. I want to ask that person that corporate tax in Ghana is twenty-five per cent so it means reducing it by fifty percent would take us to twelve and half per cent.
“He should show me one African country whose corporate tax is twelve and half per cent and also point out to me one lower middle income country whose corporate tax is twenty-five per cent. It’s true that talk is cheap and the truth is one” he noted.
Mr. Forson added that President John Dramani Mahama’s administration has revamped all defunct factories, invested in agriculture and built a resilient economy for industries to increase production and also employ more youth in 2017.
“You and I know that President Mahama’s administration in a short time has revamped all the defunct factories including the Komenda Sugar Factory and the Kumasi Shoe Factory. Who said we are not doing well in the agriculture industry?
“We have been able to give out free fertilisers, free seedlings and expanded the fishing industry by helping the fishermen to acquire outboard motors. We have managed the economy well on a strong foundation which would employ more youth in 2017. The inflation is going down for industries to produce more,” Mr. Forson noted.
Also speaking at the ceremony to launch the campaign, the Vice President, Kwesi Amissah-Arthur, charged supporters of the NDC, to start a door to door campaign in order to retain President John Dramani Mahama in power and also increase their parliamentary seats in the Central Region.
He said the NDC government has done enough for the people of the Central Region and he is optimistic the region would also reward the party in the upcoming polls.