Audio By Carbonatix
Finance Minister Ken Ofori-Atta has outlined some moves geared towards cushioning the citizenry.
This is a result of what the Minister describes as efforts to give significant relief to the private sector until expenditure pressures.
He made this announcement during the presentation of the 2024 Budget Statement in Parliament.
The items listed by Mr. Ofori-Atta range from locally manufactured sanitary pads to electric vehicles.
Find the full list below:
- Extend zero rate of VAT on locally manufactured African prints for two (2) more years;
- Waive import duties on import of electric vehicles for public transportation for a period of 8 years;
- Waive import duties on semi-knocked down and completely knocked down Electric vehicles imported by registered EV assembly companies in Ghana for a period of 8 years;
- Extend zero rate of VAT on locally assembled vehicles for 2 more years;
- Zero rate VAT on locally produced sanitary pads;
- Grant import duty waivers for raw materials for the local manufacture of sanitary pads;
- Grant exemptions on the importation of agricultural machinery equipment and inputs and medical consumables, raw materials for the pharmaceutical industry;
- A VAT flat rate of 5 percent to replace the 15 percent standard VAT rate on all commercial properties will be introduced to simplify administration.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
MP Baffour Awuah advocates for legal framework on presidential continuity, not term extension
1 minute -
Ghanaians entitled to propose constitutional changes – Charlotte Osei
4 minutes -
At 30, you lack the experience to be a President – Prof Agyeman-Duah
8 minutes -
One-year extension of presidential term unnecessary – Baffuor Awuah
14 minutes -
Sam George lauds coordinated crackdown on cybercrime in Tabora and Lashibi
19 minutes -
100 arrested in Accra’s Tabora in major Mobile Money fraud crackdown
23 minutes -
BOG put GH¢4.69bn into gold-for-oil, lost over GH¢2.1bn with no impact — Audits show
41 minutes -
CRC opted for broader reforms over abolishing ex-gratia – Charlotte Osei
59 minutes -
Mahama’s record shows four-year presidential term is sufficient – Inusah Fuseini
1 hour -
Four-year term enough for accountability – Inusah Fuseini
1 hour -
CRC Proposals: We were very mindful not to create problems while solving existing ones – Charlotte Osei
1 hour -
Ebo Noah’s ‘faith’ or Climate Change: Rains on Christmas eve and day in Ghana?
2 hours -
Dr Seidu Jasaw commissions CHPS facilities in Chaggu-Paala and Tuosa communities
2 hours -
Charlotte Osei describes CRC work as “a privilege of a lifetime”
2 hours -
Ablakwa inaugurates SMART classrooms for STEM education
2 hours
