New Patriotic Party (NPP) running mate Dr. Mahamadu Bawumia has launched a tirade over government tax policy, saying it will hurt the economy.

His rant comes hours after the finance minister made comments that suggested government may tax pensions.

He noted that a lot of the 'harsh' taxes imposed by government will be scrapped should the NPP win this year's elections.

“An NPP government will build the most business friendly and most people friendly economy in Africa. This means that job creation will be at the heart of economic policy. A lot of the other taxes we are seeing today will be scrapped. We will reduce the tax burden on our people and businesses so that they can employ more people and introduce a Tax Credit scheme for Companies that employ fresh graduates so that we will increase the employment of fresh graduates”, he said while addressing students and lecturer of E.P. College of Education, Amedzofe in the Volta region on Wednesday.

The former Deputy Governor of the Bank of Ghana also mocked government style of taxing, saying “anything they think they can impose taxes on, they are imposing taxes on it – even if they think they could impose taxes on the air we breathe today, they would have imposed taxes on it.

“The government imposed taxes on condoms, cutlasses, savings; today they are imposing taxes on pensions and allowances.

Bawumia pointed out that the government is resorting to taxes to enable it generate revenue to “fill the deep hole their incompetence and corruption had dug. In their desperation to fill the hole they have dug.”

According to him, government is failing to realise its tax policy is hurting the economy.

“In so doing, they do not even understand that this is actually hurting the economy but they are so desperate for revenue that they are not even thinking about the economy”, he said.