Audio By Carbonatix
While many people in Ghana are worried over the imposition of tax on condoms, Dr. Edward Larbi-Siaw, a tax policy consultant at the Ministry of Finance and Economic Planning has assured Ghanaians that the 1% levy placed on condoms will not affect the prices of condemns in the country.
The issue about condom tax in Ghana sparked controversies among the public with some saying “the move could undermine the fight against HIV/AIDS and other STDs”
Meanwhile he clarified that “condoms that come through the Ministry of Health and donors like the Bill Gates Foundation, USAID and other official channels, although included in the schedule imports will be exempted.”
Dr. Larbi-Siaw explained that the tax is a 1% percent levy placed on all imports including condoms.
He added that the taxation in general is to stabilize the economy, however if this is not done the country’s currency will depreciate and will affect all commodities including condoms.
The Consultant stated that Laws are made in general so that there are not too many loopholes however with socially defendable projects including condoms, mechanism are employed to reduce effects on them.
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.
Tags:
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
-
Church of Pentecost supports over 2,000 BECE candidates in Obuasi with career guidance seminar
7 minutes -
Brandon Asante and Coventry all but promoted to Premier League despite Sheffield Wednesday draw
29 minutes -
GPL 2025/26: Late Kwartemaa strike downs Hearts in Tema
35 minutes -
Ghana Faces Sierra Leone Moment as Prosecutorial Powers come under strain
45 minutes -
Don’t consume fish or seafood from Tema Shipyard until further notice – FDA warns
50 minutes -
Why volunteering might be Africa’s most underrated career accelerator
56 minutes -
ActionAid Ghana raises concern over gender gaps in Feed Ghana Programme
58 minutes -
Windstorm wreaks havoc in Gushegu, displacing nearly 2,000 residents and damaging schools
1 hour -
Friends of Bridget Bonnie Marks her 35th birthday with donation to Kasseh Model Health Centre
2 hours -
From Ekumfi Kokodo to the Pulpit Stage: Essi Donkor’s gospel journey takes shape
2 hours -
Landfilling waste management creates no value, it’s an economic waste
2 hours -
Photos: Speaker Bagbin Commissions MPs constituency office under parliamentary decentralisation programme
3 hours -
Black Stars technical advisor Winfried Schäfer sacked as GFA shakes up backroom staff
3 hours -
Wenchi water project almost complete, critical to gov’t agenda – GWL MD
3 hours -
Anti-LGBTQ+ bill not part of government’s legislative agenda – Inusah Fuseini
3 hours