President Mahama has said the wave of tax cut proposals in the NPP manifesto will collapse the economy, urging voters to ignore the NPP's manifesto.
President Mahama has said the wave of tax cut proposals in the NPP manifesto will collapse the economy, urging voters to ignore the party's manifesto.
Bawumia, baffled by the president's comments, said a president who has collapsed the economy in the last eight years now claims an alternative proposal will rather collapse the economy.
"The NDC and President Mahama are going around saying that these tax reductions as part of our comprehensive programme of economic reform and our manifesto promises will ruin the economy. I am so baffled. You are the President and you have presided in eight years over the collapse of our economy. If you knew the plan that could work with the economy and be successful, why haven’t you implemented that plan in eight years?,” Bawumia said in response to the president's comments at the Nyankpala Campus of the University for Development Studies in the Northern Region.
"If you know what can work for our economy, why is the economy collapsing in your hands after eight years? You clearly don’t understand the economic plans underpinning the NPP manifesto; your task is to make our economy work and is clear you cannot do it so you clearly have no legs to stand on in saying that the NPP plan cannot work because your own plan has collapsed the economy and we are bringing a new plan for the economy and this new plan will work”, he stated.
“We reduced taxes under the NPP – corporate taxes were brought down from 32% to 25% and at the same time we saw a major increase in revenue and so it makes economic sense and we are going to focus on production. The President, for now, should focus on fixing the collapsed economy”, he noted.