Flagbearer of the New Patriotic Party (NPP), Dr Mahamudu Bawumia on Monday met with the Council of Indigenous Business Association (CIBA).
In a shared tweet on X, the vice president indicated that the meeting forms part of his campaign strategy of coordinated engagements with various stakeholders in the country – a move he’s embarked on since becoming flagbearer of the NPP.
The Economist acknowledged the informal structure of CIBA and their enormous contributions to the economy of Ghana but bemoaned their lack of participation in many national endeavors due to their informal nature. He therefore encouraged members to register their businesses to formalize them.
“CIBA, which is the largest informal business group in Ghana, contributes significantly to job creation and the development of our economy. However, many of their members are excluded in so many things as they are not formalized. I, therefore, encouraged members who have not yet registered their businesses to do so, in order to benefit from government initiatives, which are aimed at boosting their businesses,” he said in his tweet.
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The Vice President further explained to them his intentions to relieve businesses of huge taxes with his proposed tax reforms. He cited his new reforms are aimed at boosting indigenous businesses and the entire business hub of the country.
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“I also explained to them, in detail, my proposed tax reforms, including the business-friendly proposal for tax amnesty for businesses and individuals, as well as a flat tax rate, to support the growth of businesses,” he added.