Finance Minister Ken Ofori-Atta, will announce new taxes in the Mid-Year Review and Supplementary Budget presentation today.
A Deputy Finance Minister, Kweku Kwarteng, who disclosed this to Joy Business in an exclusive interview said that the move is part of plans to put the economy on a strong footing while helping to improve the livelihood of Ghanaians.
“These new measures have been carefully considered and these are specific interventions to achieve specific fiscal objectives,” he told Joy Business.
The Deputy Minister also stated that “these modifications to the various taxes are in line with the 2019 Budget objectives which are aimed at promoting economic growth, generate jobs and promote prosperity.”
These broad themes would guide the plane tax and revenue measures.
According to a statement issued by the Finance Ministry, Ken Ofori-Atta is expected to appear before Parliament at 10 am on Monday 29 July for the Mid-year Review presentation which is a constitutional requirement.
This year’s presentation will have a particular focus on issues affecting the energy sector, alongside their planned reforms.
Myjoyonline.com