NPP Will Abolish Import Duties on Equipment to Support Technology Acquisition

Dr. Bawumia added, "We need a paradigm shift because we cannot compete in the 21st century with 18th century technology."

The former Deputy Governor of the Bank of Ghana argued that as a result of the narrow tax base, Governments have traditionally relied on trade taxes for a significant proportion of revenue.

However, Dr. Bawumia stated that with the NPP's proposed formalization of the economy which would mean a proper national identification system with unique national identification numbers for all residents from birth, street addresses and the move toward electronic payments, the tax base will be significantly broadened to increase overall revenue for the state and its development agenda.

The Vice-Presidential candidate informed the Ghanaian community that the NPP administration would support local industry in sectors such as real estate, construction, manufacturing, education, ICT and health; to much applause from the audience.

"The next NPP government is looking at providing incentives including duty free imports on, equipments that would support sectors such as agriculture, education, health, ICT, construction and manufacturing" he affirmed.

Accompanying Dr. Bawumia on the two Nation tour of North America are Kwadwo Owusu-Afriyie, the NPP General Secretary and the National Youth Organizer of the Party, Anthony Karbo.