Ashanti Regional Chairman of the New Patriotic Party has lashed out at the previous National Democratic Congress (NDC) administration describing them as bad ‘political chefs’ who didn’t know much about the vital nutrients needed to grow Ghana’s economy.
Aside the lies which became their “devotional guides”, Mr. Bernard Antwi Boasiako claims the economic team of the previous administration always ended up drafting budget statements that was as sick as a “kwashiorkor” patient.
According to healthline, kwashiorkor is a form of malnutrition caused by a lack of protein in the diet. People suffering from kwashiorkor typically have an extremely emaciated appearance in all body parts except their ankles, feet, and belly, which swell with fluid.
The above explanation given was how Ghana looked like under the NDC, Mr. Bernard Antwi Boasiako also known as Chairman Wontumi underscored.
In an interview with Peacefmonline.com shortly after current Finance Minister, Ken Ofori-Atta read the 2017 budget statement in Parliament today, Mr. Antwi Boasiako, praised the new NPP government for preparing a statement that gives hope to businessmen whose business suffered a terrible dip in form under the NDC.
“There is joy everywhere and the feeling is just like when we won the 2016 elections. People have faith in us because they know it is practical for us to abolish duties on the importation of spare parts.
The NPP’s economic team led by Vice President Bawumia have done exceptionally well and we also have to congratulate Ken Ofori-Atta for the good job he did at Parliament today”, he said.
As part of several measures being considered to protect and enhance the public purse, the Finance Minister has indicated that the Nana Akufo-Addo administration will reduce tax exemptions and also broaden the tax base.
Outlining policy initiatives aimed at energizing the private sector during the presentation of the 2017 budget statement, Mr Ofori- Atta revealed that government intends abolishing and or reviewing 12 tax elements, including abolishing duties on the importation of spare parts.
The minister stated that: "Mr. Speaker, a number of tax measures have been introduced in recent years in an attempt to deal with revenue shortfalls. Some have proven to be nuisance taxes. They have low revenue yielding potential and at the same time impose significant burden on the private sector and on the average Ghanaian. As part of our commitment to reenergize the private sector, Government has decided to review these taxes to provide relief for businesses. The following specific measures shall be implemented in the short to medium term:
* abolish the 1 percent Special Import Levy;
* abolish the 17.5 percent VAT/NHIL on financial services;
* abolish the 17.5 percent VAT/NHIL on selected imported medicines, that are not produced locally;
* initiate steps to remove import duties on raw materials and machinery for production within the context of the ECOWAS Common External Tariff (CET) Protocol;
* abolish the 17.5 percent VAT/NHIL on domestic airline tickets;
* abolish the 5 percent VAT/NHIL on Real Estate sales;
* abolish excise duty on petroleum;
* reduce special petroleum tax rate from 17.5 percent to 15 percent;
* abolish duty on the importation of spare parts;
* abolish levies imposed on kayayei by local authorities;[ES1]
* exempt from taxation, the gains from realization of securities listed on the Ghana Stock Exchange or publicly held securities approved by the Securities and Exchange Commission (SEC);
* reduce National Electrification Scheme Levy from 5 percent to 3 percent;
* reduce Public Lighting Levy from 5 percent to 2 percent;
* replace the 17.5 VAT/NHIL rate with a flat rate of 3 percent for traders; and
* implement tax credits and other incentives for businesses that hire young graduates.
Source: Chris Joe Quaicoe/ email: [email protected]
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@ MARK: Yes, you NDC guys are afraid of figures so you don't care about the cost-effectiveness and economic viability of projects. All factories built by Nkrumah were for propaganda purposes as they were not viable economically. A strong agricultural base was not set before embarking on his so much cherished industrialization. 10% of the cost of the projects you have listed went to the CPP instead of the nation. Your "messiah milked Ghana for the CPP. USSR technologies used in most projects were of inferior quality. How many leaders did your 'messiah" train to take over from him? Who was his vice president? All leaders after him in the CPP tradition have always been found wanting if not total abysmal failures. Even within these modern times where management has become common what did Mahama the NDC do? If The only comment the NDC minister of finance could make on the NPP budget is on Kayaye tax, then it tells the calibre of people who were managing the country's affairs. He simply does not understand the implications, feasibility and projections of the budget. Please, lets rest from NDC propaganda.
@Mark CHECK your facts before putting hem here. Who Initiated the Military Hospital in Kumasi, Who build Ridge Hospital, Sugar Factories (Asutware & Komenda), Regional Hospitals, You DO NOT the mileage of roads NPP did in 8 years. Ghana's Economy and for that matter the country are suffering because of INCOMPETENT of NDC rules (1981-2000) & 2009-2016). NPP has ruled from 1981 to date for only 8 years (2001-2008). Even the SOCIAL INTERVENTION the NPP put in place to help we the villagers was spoiled by NDC - 2009-2016. You OLDEN DAYS of politics where Propaganda was order of the day is now gone. That is why the Whole Country REJECTED NDC. If they had done good things with public purse, they would have been retained in power.
This exactly what the UP did to Kwame Nkrumah after they organize his removal. Vilification, Name Calling, Demonizing etc. NPP is doing the same to NDC again. Nkrumah built Akosombo, Tema Habour, Tema township, Motorway, 45 Secondary Schools,350 factories Job600, etc, etc NDC built 45 new SHS, National Theater, Conference Center, 5 Regional Hospitals, Legon Hospital, Ridge Hospital Kwame Nkrumah Inter-Change, Sugar factory, Cape coast stadium, Kotokoraba Market, Asafo Market, Military Hospital in Kumasi, Tamale Airport, Ho airport, Asphalt roads all over the ten Regions. etc, etc, etc, now NPP built 1.Insults,2.insults 3.insults 4.Hotels for themselves, Private businesses, sold government lands to themselves etc,etc,etc.
THE NDC FROM AFRC/PNDC WITH RAWLINGS ARE A VICIOUS AND WICKED BUNCH OF CROOKS WHO CAME TO STEAL AND ENRICH THEMSELVES.HOW COULD THEY TAX POOR KAYAYEI! MAY GOD HAVE MERCY ON THEM AND GOD BLESS NANA ADDO AND HIS TEAM.
DO YOU KNOW THAT CHRISTIAN SERVICE UNIVERSITY COLLEGE, KUMASI MOODLE SYSTEM HAS BEEN ENCRYPT TO ACCEPT ONLY INTERNET FROM VODAFONE AND MTN?. THE SYSTEM WHERE ASSIGNMENTS AND EXAMINATIONS ARE PLACED BY THE VARIOUS LECTURERS FOR STUDENTS TO ACCESS ANYWHERE VIA ANY INTERNET IS NOW CASH IN BY THE UNIVERSITY AUTHORITIES BY A SHADY DEAL WITH VODAFONE AND MTN WITHOUT THE KNOWLEDGE OF THE STUDENTS.WE THEREFORE APPEAL TO THE MINISTRY OF EDUCATION TO LOOK INTO THIS MATTER. THIS IS AFFECTING OUR STUDIES SERIOUSLY.
Your mother id s ***barred word*** ***barred word*** at Adum.
This is a wonderful news. I hope it would stimulate the economy.Good effort.preventing stealing alone would bring significant funds to government. I am happy the NDC is gone. It is left with the prosecution of those who stole to prevent re occurrence.
Put your real name there na gyae gyimi no.
This CRI.MI.NAL element called Wontumi belongs to jail. Now your NPP magician Bawumia has turned to Jesus Christ to solve the problems. Praise the Lord! Hallelujah!!!
This criminal element called Wontumi belongs to jail. Now your NPP magician Bawumia has turned to Jesus Christ to solve the problems. Praise the Lord! Hallelujah!!!