Bawumia advises youth to venture into entrepreneurship as Gov’t reduces tax

Vice President, Mahamadu Bawumia, has advised Ghanaian youth to take advantage of government’s tax cuts and venture into entrepreneurship.

He reiterated the current government’s commitement  to create a business-friendly environment to ensure self-enterprise in Ghana thrives and generate jobs.

The Vice President made these remarks  during the  49th celebration of the birth of Prophet Mohammed  on Saturday in Kumasi, an event organized annually by the Tijaniyyah Muslims and the entire Muslim community in Ghana.

“Ghana is entering into a Golden Age of business and this environment, self-enterprise and innovation, is the future,” he said.

Finance Minister, Ken Ofori-Attah also scrapped 17.5 percent VAT on domestic air tickets and financial services as well as levies on spare parts during the 2017 budget presentation to Parliament early this month.

Related: 2017 budget: Highlights of tax reliefs

The tax cuts were a key campaign promise of the New Patriotic Party (NPP) during the 2016 electioneering campaign.

Read also:

PwC showers priases on Gov’ts 2017 budget, describes it as business friendly

2017 Budget is bold and a wake-up call for entrepreneurs – Mike Nyinaku

The Vice President also urged the youth to cultivate the spirit of endurance and patience to achieve their goals.

He cited President Nana Akufo-Addo as an example of someone whose patience earned him the ultimate goal of the Presidency.

Source: Ghana | Mpactglobal | Brilliance Gyekye

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