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Business News of Saturday, 9 November 2024

    

Source: ghananewsonline.com.gh

Bawumia champions blockchain for transaction transparency at Ghana CEO-presidential gala

Vice President Dr. Mahamudu Bawumia Vice President Dr. Mahamudu Bawumia

Vice President Dr. Mahamudu Bawumia reaffirmed his commitment to using digitalization, specifically blockchain technology, to promote transparency and tackle corruption in Ghana.

Speaking at the Ghana CEO-Presidential Manifesto GALA dinner, he emphasized the need for a resilient, business-friendly economy supported by digital solutions.

Dr. Bawumia outlined plans for a flat tax rate, a simplified corporate tax system, and a revamped value-added tax (VAT) regime, aiming to ease business operations.

He also pledged to introduce lower port charges and duties, aiming to boost investment.

Highlighting the transformative power of digital technologies, he called for embracing innovation to drive economic growth, especially among young people.

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