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Politics of Tuesday, 5 November 2024

    

Source: The Chronicle

Bawumia: I’ll dedicate 3% of GDP to Private Sector

Dr. Mahamudu Bawumia Dr. Mahamudu Bawumia

Dr. Mahamudu Bawumia, the NPP presidential candidate, has proposed allocating 3% of Ghana's GDP—approximately GH¢30 billion—to support the private sector, aiming to alleviate fiscal pressures on the government.

This initiative seeks to engage the private sector in delivering various services, enabling a public-private partnership (PPP) model for infrastructure projects.

By incentivizing the private sector to finance construction and maintenance, Bawumia envisions completing more projects efficiently. He also advocates for a

"Buy Ghana First" policy to prioritize local production and reduce unemployment. This approach represents a significant shift in budget management and economic strategy.

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