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.
Latest Stories
-
God makes rulers, not you; you can’t choose your successor – Mahama to Akufo-Addo
44 mins -
Contributors own SSNIT, they must decide who becomes its Director-General – Austin Gamey
2 hours -
Move away from theory-based learning towards practical learning approaches – AUCC President to students
2 hours -
Haaland scores as Manchester City beat Nottingham Forest
3 hours -
Villas-Boas elected Porto president
3 hours -
Situation on frontline has worsened, Ukraine army chief says
3 hours -
US doctor describes witnessing starvation in northern Gaza
3 hours -
CAFCC: RS Berkane make final after USM Alger refused to play 2nd leg over Moroccans’ jersey
3 hours -
Elon Musk in China to discuss enabling full self driving
3 hours -
PSG clinch Ligue 1 title after Lyon’s win over Monaco
6 hours -
Guinness Ghana sets the pace at Ghana Beverage Awards with six awards
6 hours -
Burkina Faso suspends BBC, VOA radio broadcasts over killings coverage
6 hours -
Nicole Kidman honoured with AFI Life Achievement Award
6 hours -
Brassier scores winner for Brest as they edge Rennes to secure European football
6 hours -
Akufo-Addo jabs Ejisu independent candidate; rubbishes allegations to rig by-election
7 hours