The Minority Leader in Parliament, Dr Cassiel Ato Forson has accused the government of being insensitive to the plight of the ordinary Ghanaian.
According to him, although citizens were already overburdened with taxes, the 2024 budget has further exacerbated the situation.
“As you may be aware, the insensitive Akufo-Addo, Bawumia government is also seeking to introduce a new raft of draconian tax measures on the already impoverished Ghanaian on the back of the 2024 budget.”
“These tax measures, which are currently before Parliament, include the following; an imposition of VAT on non-life insurance such as motto or car insurance, marine insurance, fire insurance, building insurance, goods in transit,” he said.
Dr Forson was speaking at the National Democratic Congress' (NDC) Moment of Truth press conference on Wednesday, December 6, 2023.
The Minority Leader, who is also the MP for Ajumako Enyan Esiam constituency, explained that these proposed VAT policies were currently before Parliament pending approval.
Again, Dr Forson added that if this is approved, Ghanaians will be expected to pay a 5% VAT on any building purchased.
“He [Akufo-Addo] has also imposed a 5% VAT flat rate on residential and commercial real estate. Ladies and gentlemen, Ghanaians should get ready to pay 5% VAT anytime they buy a house from an individual or a real estate company going forward.
“If this law goes through; the VAT before parliament goes through - if you intend to buy a house, get ready to put 5% aside for President Akufo Addo and Alhaji Bawumia. For every house you buy going forward, you will pay 5% VAT on the quantum of the amount that you are supposed to buy. So if it is GH₵1 million you are buying you will pay GH₵50,000 to President Akufo-Addo and Alhaji Bawumia.”
The Minority Leader added that VAT will also be imposed on stationery items like paper, pens, textbooks, and domestic airlines among others, implying that if anyone buys a book or takes a domestic flight they would be expected to pay extra.
Latest Stories
-
DWM: Celebrating 42 years of unwavering commitment to empowering women and advocating for gender equality
6 seconds -
Renal dialysis patient urges government action amid soaring treatment costs
17 seconds -
Ayra Starr doubles up as Spotify EQUAL Africa and Global Artist for May
29 seconds -
5 things a child never, ever owes their parents, according to experts
2 mins -
Teacher unions in Koforidua stage demonstration over outstanding allowances
5 mins -
GBA Women’s Forum donates to New Horizon centre for the blind
16 mins -
‘Spousal migration can crush relationships’
21 mins -
African wear dominates 3rd African Media Convention in Accra
22 mins -
World Day of the Boy Child 2024: Teaching boys how to manage anger and aggression
29 mins -
‘Ghana’s economy rebounding strongly’ – Finance Minister insists
32 mins -
Akufo-Addo government has mishandled small-scale mining sector – Mahama
41 mins -
Nephrologist warns of rising chronic kidney disease cases in Ghana
46 mins -
GJA President reminds journalists of their crucial role in shaping African narrative
47 mins -
2 ‘mentally unstable’ men allegedly set their mother ablaze under bizarre circumstances
53 mins -
I’ll use Artificial Intelligence to fight galamsey – Mahama
59 mins