The Minority in Parliament is claiming government intends to burden Ghanaians with more taxes in the 2024 Budget, set to be presented on Wednesday, November 15.
According to a member of Parliament's Finance Committee, John Jinapor, the Finance Minister, Ken Ofori-Atta intends to raise 11 billion cedis in revenue as part of the budget.
But John Jinapor says his side will not allow this to go through.
He noted that it is unacceptable to come up with new taxes to increase the burden of the ordinary Ghanaian.
“We just heard the Minister of Finance at the Finance Committee and the Minister indicates that he intends to raise an additional 11 billion which is about 1% of GDP, but we have told him that we think that the people of Ghana have been taxed so much, the tax burden is already high so it will be inappropriate to come with new taxes,” he said.
The Minority Spokesperson on Mines and Energy suggested the Finance Minister looks at how to cut down expenditure.
Also, former Minority Leader Haruna Iddrisu has asked Mr Ofori-Atta to review existing taxes to give the private sector some breathing space.
Meanwhile, the Finance Ministry has announced that the budget will highlight, among others, the performance of the economy, efforts to boost the productive capacity of the economy through the new Growth Strategy, fiscal measures, and debt management strategies to deepen stability and promote growth.
Latest Stories
-
Trump trial: Cohen says he stole thousands from company
2 hours -
First black astronaut candidate, now 90, finally fulfils dream of reaching space
2 hours -
D-Black finally addresses rumours about relationship with Fella Makafui
2 hours -
Scarlett Johansson ‘shocked’ by AI chatbot imitation
2 hours -
We need to examine tax exemptions holistically – Deputy Minority Chief Whip
2 hours -
My sound is highly vibrational, eccentric, unique and beautiful – Ayra Starr
2 hours -
Diddy and Cassie reportedly can’t say each other’s names publicly, according to settlement
2 hours -
Akufo-Addo quizzed Minority on objection to $335m tax waiver – Ibrahim Ahmed
3 hours -
South Africans’ desperate search for jobs overshadows election
4 hours -
PM apologises after infected blood scandal cover-up
4 hours -
Women and girls across Africa, Asia and Middle East to benefit from new UK Higher Education Programme
4 hours -
Ghana and Burkina Faso sign MoU for land boundary reaffirmation
4 hours -
Assange wins right to challenge US extradition
4 hours -
3i Summit records big deals: $100m for SMEs in Ghana – BoG reports on eCedi success
4 hours -
Kosmos Innovation Center and Mastercard Foundation announce winners of AgriTech Challenge Pro
4 hours