Tax incentives Bawumia proposes tax incentives for companies who employ fresh graduates

Speaking at a student forum at Kwame Nkrumah University of Science and Technology, Bawumia said an operational national identification and good addressing system will help drive growth and build new businesses that will employ graduates.

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New Patriotic Party (NPP) running mate for the 2016 election, Dr Mahamudu Bawumia has proposed the establishment of employment tax scheme to provide tax incentives to companies that employ fresh graduates.

READ MORE: IMF programme flawed - Bawumia

He added that the desire to raise revenue should not be allowed to kill business and cause unemployment.

“Ghana should focus on providing tax incentives for increasing production and generating employment,” he said. “In the process, revenue can be raised from corporate taxes…what we should not allow to happen is the desire to generate revenue to kill businesses and cause unemployment.”

“To demonstrate our focus on productivity and jobs for the youth in Ghana, particularly graduates, we should introduce employment tax credit scheme to provide incentive for companies that employ fresh graduates,” he added.

Speaking at a student forum at the Kwame Nkrumah University of Science and Technology, Bawumia said an operational national identification and good addressing system will also help drive growth and build new businesses that will employ graduates.

He said the mortgage market has a great potential of solving Ghana's high unemployment.

Bawumia also highlighted a favourable trade and industrial policy that supports local industries and focuses on production and employment, with policies like eliminating import duties on raw materials and manufacturing equipment for key industries.

READ MORE:Mahama lost on Ghana's debt - Bawumia

He noted that an NPP government will pursue macroeconomic stability and debt sustainability to provide the fiscal space for investment and initiatives that boost business and for lower interest rates.

In addition, he said prioritizing agriculture and ensuring value addition to raw materials will be key under an NPP administration.

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