Government is under pressure to have three new revenue bills passed by Parliament as it seeks to rake in GH¢4 billion per year to shore up revenue to fix the ailing economy and secure a Board approval for a bailout from the International Monetary Fund (IMF).
The bills which include the Excise Tax Stamp and Excise Duty amendment bills, Income Tax amendment bill and Growth and Sustainability levy bill are already being rejected by some business groups.
The house is expected to vote on the revenue.
Watch the livestream below
Meanwhile, the President of the Ghana Union of Traders Association (GUTA), Dr Joseph Kweku Obeng, has expressed his displeasure about the three new taxes before parliament for consideration.
According to him, the re-introduction of such nuisance and obnoxious taxes which were scrapped in 2017 will put more burden on the business community which is already in distress.
THANK YOU for constantly reading stories on MyGhanaMedia.com, news publishing website from Ghana. Kindly like, follow, comment and SHARE stories on all social media platforms for more entertaining updates!
Follow us on Twitter: https://twitter.com/
Source: GhanaWeb.com
There are four types of content published on MyGhanaMedia.com daily: curated content; syndicated content; user-generated content; and original content.
Admission is still in progress… Get yourself trained in any of our programmes to become a professional healthcare practitioner. Apply now! visit: racoh.edu.gh