Vice President Kwesi Amissah-Arthur has described NPP’s 2016 manifesto proposal to either reduce or abolish some taxes, and provide one village one dam, one district one factory and one constituency one million dollars as simplistic, populist and reckless.
He said for the taxes the country will lose about six point two billion cedis in revenue while their new expenditures will amount to 21 billion cedis.
These when implemented will generate 20 percent fiscal deficit at the time the focus is on fiscal consolidation and micro stability.
Vice President Amissah-Arthur said this at a lecture at the University of Cape Cape.
He called on Ghanaians to again reject the NPP and vote massively for the NDC and President John Dramani Mahama.
Radio Ghana’s Seth Eyiah who accompanied the Veep reports that, Vice President Amissah-Arthur, who is also the running mate of President Mahama, spoke extensively on the topic “The Challenges of Economic Development”.
He premised his presentation on the impact and importance of the global economy on Ghana, recognition of importance of social overhead capital or infrastructure in economic growth, human progress and economic development in diverse ways and that economic policies evolve over time.
Mr. Amissah-Arthur said the NPP manifesto which was largely based on Dr. Mahamudu Bawumia’s last month’s lecture, had a lot of wrong analysis and therefore arrived at flawed conclusions.
He said a party that has constantly criticised government on micro economic stability, its was not able to show in its manifesto how it will achieve it when given the opportunity to rule this country.
Vice President Amissah-Arthur called for an effective collaboration between academia and policy formulators and implementers’.
He pledged to support the Economics Department of the University of Cape Coast to enable it to come up with programs that will ensure regular interactions between economic students and policy formulators and implementers’.
This is expected to eventually address the gap that has existed for many years.