Audio By Carbonatix
Debate on the 2023 budget will begin today, Tuesday, November 29.
The Members of Parliament (MPs) are expected to express their views and suggestions on the policies announced in the budget.
This is after a two-day post budget workshop organised in Ho for the MPs.
The Finance Minister, Mr Ken Ofori-Atta on Thursday, November 24, presented the 2023 budget statement.
Notable amongst the policies are the Electronic Transfer Levy rate which is to be reduced to 1 percent, and the Value Added Tax rate to be increased from 12.5 percent to 15 percent.
Also included is the benchmark discount policy which is to be fully phased out in 2023 and an additional income tax bracket of 35 percent to be introduced.
These have been met with opposition as industry players lament the impact it will have on their businesses and livelihoods.
However, the government has said it intends to use the 2023 budget to focus on strategies to restore and stabilise the macroeconomy, build resilience, and promote inclusive growth and value creation.
Latest Stories
-
From waste to wealth: My experience at Higher Life Academy
15 minutes -
Specialist links rising kidney disease cases among children to toxic pollutants, heavy metals
29 minutes -
Ghanaian defender Manuel Ayitey joins Spanish side Villarreal on a two-year deal
33 minutes -
Cambodia’s former opposition leader receives royal pardon for 27-year sentence
36 minutes -
Three killed in Uganda after crashing into elephant
36 minutes -
GoldBod seals refinery partnership with Royal Ghana Gold Limited
38 minutes -
Political scientist downplays perceived tension between Haruna Iddrisu and Asiedu Nketia
39 minutes -
Salt off the Table: Why this Rule could Save Lives
40 minutes -
Social media and the culture of public confrontation: What are we teaching the next generation?
44 minutes -
NDC capable of managing emerging tensions between Haruna Iddrisu and Asiedu Nketiah — Dr Amakye-Boateng
45 minutes -
How many V8 cars equal one PET-CT Scanner — And why does Ghana still not have enough PET imaging capacity?
47 minutes -
2026 World Cup: ‘We are ready to fight together for every ball’ – Carlos Queiroz
48 minutes -
Regulation by invoicing: The systemic flaws in NITA’s licensing push and the threat to Ghana’s digital trust
54 minutes -
Police arrest 74 suspects in anti-narcotics operations in Upper East Region
56 minutes -
Two foreign nationals arrested in pre-dawn anti-galamsey raid in Ashanti Region
57 minutes