Freight Forwarders at the Tema and Takoradi Ports are seeking clarity on the implementation of the new levies introduced by the government in the 2021 Budget and economic policy.
The budget estimate presented in Parliament last week had introduced some levies to help government deal with the covid-19 pandemic as well as the banking sector collapse.
Speaking with Joy Business, Vice Chairman of the Ghana Institute of Freight Forwarders, Johny Mantey called on government to give clear timelines on these levies in order not to overburden tax payers.
“We have seen this before in several policy measures where it is never withdrawn even after government is able to raise the funds. It is about time we get some clear picture on when these levies will be taken off” he noted.
In the 2021 Budget, government is also seeking to raise funds from a 5.0% tax on profit before tax on banks and financial services, to recover the lost from the banking sector clean up.
Government has also proposed an increment of 1.0% National Health Insurance Levy to be used for the procurement of medical materials for covid-19 treatment and management, among others.
Latest Stories
-
Reason for training professional counsellors is to heal a hurting world – CCP president
54 mins -
Woman allegedly brings dead man to bank to take out a loan
1 hour -
It’s a good feeling to score against PSG because I’m a Marseille boy – Andre Ayew
1 hour -
Joe Lartey Sr: A voice that brought life to Ghana sports and beyond
2 hours -
Bawumia promises to tackle issue most dear to Ghanaians as he begins nationwide campaign
3 hours -
Indian couple donate $24m fortune to charity to adopt monkhood
3 hours -
Australians call for tougher laws on violence against women after killings
4 hours -
African Development Council establishes mission in Benin for Francophone countries
4 hours -
Okyeame Kwame reveals his secret to longevity in music industry
4 hours -
Youthful-looking 60-year-old woman qualifies for Miss Argentina contest
4 hours -
Ejisu By-Election: Campaign heats up as NPP holds final rally ahead of Polls on Tuesday
4 hours -
Rwanda plan: Irish government wants to send asylum seekers back to UK
5 hours -
Ice cubes now cost more than bread and milk in parts of Mali
6 hours -
Titanic gold pocket watch sells for £900,000
7 hours -
Elon Musk in China to discuss enabling full self driving – reports
7 hours