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.

  • Published:
24/7 Live - Subscribe to the Pulse Newsletter!

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.

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos




Top Articles

1 Software Scandal EOCO indicts SSNIT managers over $72m software scandalbullet
2 Salaries In 2018 Here are the dates public workers will be paid in 2018bullet
3 David Ampofo Writes Is Ghana's cashew another cocoa?bullet
4 In Accra Susu collectors give gov’t 1 week ultimatum to stop NPP...bullet
5 Collapsed Banks Assets of UT Bank and Capital Bank for salebullet
6 Excise Tax Stamp Act Gov’t threatens to sanction businesses...bullet
7 In Singapore Government to pay bonus to all citizens after...bullet
8 NPP Government Nana Addo nominates Dr Agnes Adu as MD of GTFCbullet
9 Taxes In Ghana 3% VAT flat rate takes off in July 1bullet
10 Retirement How to calculate your SSNIT pensionbullet

Top Videos

1 New Discovery Ghana discovers new mineral, lithium in commercial quantitiesbullet
2 Money Alert Meet Africa's richest womanbullet
3 Forbes 2018 Africa's billionaires rich listbullet
4 Support Finance minister buys Kantanka carbullet
5 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
6 Plane Crash Starbow suspends operations following plane crashbullet
7 Bozoma Saint John 10 quotes from Uber top official, Bozoma,...bullet
8 Vodafone adbullet
9 Entrepreneurship How to be resourceful as an entrepreneurbullet
10 Tech 6 reasons you should buy an iPhone SE instead of...bullet

Business