Tag: GHBudget
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2020 Budget: Statement to feature tax policies, expenditure rationalization
The Finance Minister, Ken Ofori-Atta, will today present to Parliament what is considered to be a critical budget of the incumbent government as the country goes into an election next year. One of the major highlights of the budget will be some pronouncements on taxes; as well as efforts to ensure that government’s economic gains…
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No new taxes will be introduced in 2020 budget — Finance Ministry
Government has announced it will not introduce new taxes in next year’s budget which is scheduled to be presented to parliament in November this year. The ministry has begun taking stakeholders inputs into the 2020 budget to enable it to address some of the concerns citizens including Civil Society Groups have about the country’s expenditure…
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Government commended for abolishing luxury vehicle tax
Some residents of Ho have praised the government for the removal of the luxury vehicle tax. They said the gesture meant the government was listening to the cry of the masses and had withdrawn the tax, as announced at the mid-year review of the budget on Monday. The residents were sharply not happy about the…
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Alex Mould Writes: Revising take or pay agreements may jeopardise power sector investments
The ill-advised statement by the Finance Minister to renegotiate all take-or-pay power agreements to take-and-pay will certainly have negative repercussions. It will scare away prospective investors not only in the power sector but even more in the development of any future gas Exploration and Production (E&P) field. If investors agree to take-and-pay agreements, the government…
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Gov’t withdraws luxury vehicle tax
Government is proposing to Parliament the withdrawal of the luxury vehicle tax introduced in 2018. While presenting the 2019 mid-year budget review in Parliament on Monday, the Finance Minister, Ken Ofori-Atta said the government is taking such move following the concerns raised over the tax. “Government in 2018 introduced the Luxury Vehicles Levy to raise…



![Gov’t to use more than GH¢6.15 bn [96.6%] of supplementary budget to pay debts](https://citibusinessnews.com/wp-content/uploads/2019/05/Ken-Ofori-Atta-1.jpg)
