Audio By Carbonatix
The Deputy Minority Leader Dominic Nitiwul claims the controversial VAT Bill was capriciously passed into law in "30 seconds" without any word from the minority.
He said the government in connivance with the majority completely "disrespected Parliament" by increasing VAT rate by 2.5 per cent without any explanation or contribution from the minority.
The same chaos that attended the introduction of VAT in the early 90s was present when the majority in Parliament attempted to increase the VAT rate from 12.5 per cent to 15 per cent on Friday.
The minority staged a walk out in protest accusing the Majority of smuggling the 2.5 per cent increase into the bill.
Dominic Nitiwul said on Asempa FM's Ekosii Sen- programme that the House had been considering the VAT bill since July of this year but swore that at no point did government mention an increase in the rate to 15 per cent.
According to him, even when the minority leader asked the Finance Minister if there was going to be any such increase in the VAT rate, the Minister denied and said no such increase had been discussed in Cabinet.
He found it outrageous that the government with the support of the majority would spring a surprise on everybody by pushing through the bill and would not even allow a debate on it.
The minority's protest and walk-out notwithstanding, the VAT Bill was ammended and passed into law, awaiting a presidential accent.
Nitiwul swore that the minority would use every legal means at its disposal to prevent the implementation of the new law.
In a reaction, the Deputy Finance Minister Kweku Rickett Hagan accused the minority of playing politics with the issue.
According to him, the minority knew about the increase but were only unhappy with the procedure being used to pass the new law.
He explained the money to be raised from the increased will support consumption in the budget.
When probed further to explain what the monies would be used for, he said with the 25 per cent reduction in newly announced 78. per cent hikes in electricity there is a fiscal deficit of 400 million Ghana cedis which government has to look for money to pay.
When host Kojo Asare Baffuor Acheampong asked him if government was robbing Peter to pay Paul the deputy minister said government needs money to develop the country and can only raise it through taxes.
Latest Stories
-
World Literacy Day: Literacy doesn’t develop in isolation – JustED Foundation
2 minutes -
Kwadwo Opoku announces arrival in Greece with debut brace
10 minutes -
Kurt Okraku vs Kwame Nkrumah: Time is the author of legacy
12 minutes -
Post-results school selection policy caused placement crisis – Kingsley Agyemang
13 minutes -
Chalé Day mixer sets tone for bigger December celebration
15 minutes -
Executive Women Network celebrates a decade of leadership, sets sights on next generation of impact
22 minutes -
“I’m happy to have scored” – Ernest Nuamah ends long Ligue 1 goal drought
25 minutes -
52-year-old spiritualist and farmer found dead at Assin Amoabeng
26 minutes -
Tensions rise at GNAT hall as parents seek solutions to CSSPS challenges
27 minutes -
Belgian FA still wants Balogun ban answers
33 minutes -
This could be year I win Ballon d’Or, says Mbappe
39 minutes -
GEA and UNIDO celebrate enterprise excellence and productivity at 3rd National Kaizen Awards
45 minutes -
Over 300,000 candidates chose Category A schools despite 76,417 vacancies – Education Ministry
46 minutes -
Sarkodie urges SarkNation to reject toxic fan wars
47 minutes -
Ghana Jazz Orchestra cooks tasty fare at launch
1 hour