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
-
80–90% of gold purchased and exported is now refined in Ghana– Sammy Gyamfi
12 minutes -
Dichemso M/A teachers go house-to-house to get absent pupils back to class after strike suspension
15 minutes -
Meet Dr Hazel and Nhyira: Mother and daughter called to the Ghana Bar
18 minutes -
Black Star Fashion Week: Can Ghana turn the runway into a tourism attraction?
19 minutes -
Ghana sends 61 health workers to Grenada under Labour Export Programme
31 minutes -
Central banks should avoid reacting too strongly to headline inflation – IMF
38 minutes -
Kumasi: One injured, shops destroyed in Atasemanso fire in Kumasi
51 minutes -
Global economy proving resilient, growth projected at 3.1% in 2026 – IMF
55 minutes -
NDC targets all 6 parliamentary seats in Ahafo Region for 2028
58 minutes -
Ghana targets thousands of overseas nursing jobs under Labour Export Programme
60 minutes -
Pius Hadzide explains why Sports Ministry always attracts scandals
1 hour -
APL says GoldBod terminated US$1bn Goldstream deal over failure to meet obligations
1 hour -
Daily Insight for CEOs: Making better decisions under pressure
1 hour -
Weta rice farmers seek urgent support after floods destroy crops
1 hour -
Mahama commits GH¢200m in 2027 Budget to complete Police Hospital expansion
1 hour