The Member of Parliament (MP) for Ofoase-Ayirebi, Kojo Oppong Nkrumah has sharply criticised the government's recent claims that it has abolished six taxes, asserting that only two taxes have actually been removed.
According to Mr Nkrumah, while the government has publicly celebrated the removal of several taxes, only the 1% Electronic Transactions Levy (E-Levy) and the 1.5% withholding tax on the mining of unprocessed gold by small-scale miners had been abolished.
He emphasised that the public has been misled regarding the extent of the tax cuts.
"The government claims to have removed six taxes, but when you carefully examine the budget appendices, you will realise that only two have actually been removed," Mr Nkrumah stated.
He further noted the financial implications of the E-Levy’s removal, which had previously generated GH₵2.2 billion in revenue.
The Ranking Member speaking in an interview on Asempa FM’s Ekosii Sen expressed concern that the government's fiscal policies have created a revenue shortfall that will need to be addressed.
"With the removal of the E-Levy, the government has lost GH₵2.2 billion in revenue, leading to a significant gap in our finances," Nkrumah pointed out.
He further added "This must be acknowledged, and a plan to fill this gap must be presented."
Mr Nkrumah also accused the government of failing to scrap other taxes it had promised to remove.
Despite claims of eliminating several levies, the emission levy, VAT on motor vehicle insurance, the betting tax, and the 1% COVID-19 levy remain in place, according to the MP.
"The budget appendices clearly show that these taxes have not been abolished," Mr Nkrumah asserted.
He criticised the government for what he describes as an attempt to create false impressions through rhetoric.
"We cannot allow the government to create a false impression by simply speaking English to us. The facts speak for themselves."
Latest Stories
-
We were unlucky not to win AFCON 2008 – Michael Essien
30 minutes -
GIADEC open to investment opportunities in the Integrated Aluminium Industry – CEO
38 minutes -
World Cup 2026Q: Madagascar thrash Central Africa Republic to top Group I
39 minutes -
Ofosu Kwakye accuses Minority of waging campaign against 2025 budget
43 minutes -
Roads Minister and COCOBOD CEO form committee to address stalled cocoa roads projects
44 minutes -
It’s time to move on from AFCON failure – Essien tells Ghanaians
53 minutes -
GPL 2024/25: Aduana edge Nations FC in hard-fought away victory
1 hour -
Ahmed Suale murder: No evidence to support charge against suspect – Lawyer
1 hour -
GPL 2024/25: Heart of Lions lose ground on title with defeat to Dreams
1 hour -
GPL 2024/25: Hearts slip further in title race with 1-0 loss at Bechem
1 hour -
Stonebwoy, Joey B, AratheJay others to headline Accravaganza on March 29
1 hour -
DCOP Lydia Donkor: Lawyer and CAF Safety expert appointed as CID
2 hours -
Ghana, AES commit to providing sustained access to electric power for their ‘people’
2 hours -
Ahmed Suale: Police filed ‘shambolic’ charge sheet against our client – Suspect’s lawyer
2 hours -
NPA Boss vows to flush out illegal fuel traders
2 hours