[ 2016-10-27 ]

NPP Manifesto on taxes 'unrealistic' – Amissah-Arthur
Vice President Kwesi Amissah-Arthur has described
as “unrealistic” the NPP’s Election 2016
Manifesto promise to reduce taxes on businesses.

He said the NPP’s prescription would be inimical
to the growth of the economy and development.

Vice President Amissah-Arthur was speaking at a
lecture, organised by Students of Economics of the
University of Cape Coast.

The lecture, which is on the theme: “The
Economy, Strengthening, Teaching and Research of
Economics for Nation Building” is a novelty by
the Department of Economics of the University.

It is to enable the students to have a practical
understanding of the subject.

Vice President Amissah-Arthur stated that a
careful analysis by the NDC of the NPP’s
proposed tax breaks for businesses would amount to
₵6.2 billion, in additions to ₵21
billion in new expenditures for infrastructure.

He said looking at the NPP’s proposals and the
way they intended to spend public finances on
their unrealistic manifesto promises, it would
come with dire consequences for the Ghanaian
economy.

Ghanaians, he said, must, therefore, help stop the
NPP in their tracks before they unleashed their
impracticable promises on the country.

He said a look at the NPP Manifesto also showed
there were no philosophical underpinnings in the
policy, presented to Ghanaians as compared to that
of the NDC.

Vice President Amissah-Arthur also stated that the
NDC had managed to reduce the country’s budget
deficit, which stood at of 12 per cent in 2012 to
about six percent currently, meaning there had
been fiscal consolidation.

He said in the eight years of the Kufuor Regime,
the country had 56 per cent growth in GDP, whereas
in seven years of the NDC, the nation had 65
percent growth in GDP.

He said the current NDC Manifesto sought to
provide an environment that would help grow small
and medium enterprises, as well as roll out
policies to create direct employment opportunities
for the youth.

Vice President Amissah-Arthur said surprisingly,
the NPP with their long history of political
activism, the Danquah- Busia Tradition, were now
borrowing ideas from a Social Democratic Party
(NDC).

He said the NPP implicitly accepted everything
that the NDC had done in terms of the economic
management, with the exception that the Government
had not been able to restore macro-economic
stability.

He said though it was clear that the NPP had
adopted the NDC’s vision, the NPP was still
denying these facts.

He said the NPP’s one constituency, one
million-dollar policy was not well thought out
since its implementation would render the district
assemblies redundant.

Source - Joyfm

... go Back