Audio By Carbonatix
Members of Parliament have converged at the Volta Serene Hotel in Ho for a post-budget workshop.
This is to give the MPs an opportunity to discuss the policies outlined in the 2023 budget statement presented to Parliament on Thursday, November 24.
Also, the venue is the beleaguered Finance Minister, Ken Ofori-Atta.
The Finance Minister on Thursday presented the government’s 2023 budget statement in Parliament in accordance with the requirement under Article 179 of the 1992 Constitution of the Republic of Ghana.
The Minister outlined a seven-point agenda to boost the economy, including the 2.5 per cent increase in VAT and the review of the 1.5 per cent Electronic Transfer Levy rate to 1 per cent.
Mr Ofori-Atta further indicated that the increase in VAT is expected to yield GH¢2.7 billion.
According to him, these funds will be used to augment funding for road infrastructure development.
Latest Stories
-
Insist on VAT receipt to ensure full benefit of reduced taxes – GRA appeal to shoppers
7 minutes -
JoyNews launches ‘Roads of Peril’ on January 8 to expose dangers lurking on Ghana’s roads
10 minutes -
Bawumia outperformed Kufuor in first election, can lead NPP to victory – Oppong Nkrumah
16 minutes -
Cedi appreciation began under NPP, not NDC – Kojo Oppong Nkrumah
28 minutes -
Photos: Asantehene pays historic visit to the Ghana Police Service Headquarters
42 minutes -
Restrain supporters from attacking journalists ahead of flagbearership contest – GJA warns NPP
52 minutes -
President Mahama to cut sword for commencement of Accra-Kumasi Expressway construction
1 hour -
Ghana ranks 6th best English-speaking country in Africa, 36th globally – EF Index
2 hours -
National Gun Amnesty urges voluntary surrender of firearms to strengthen national peace
2 hours -
Cedi appreciation didn’t start under the NDC; it started in 2024 under the NPP — Kojo Oppong Nkrumah
2 hours -
Mahama commends Lands Minister as anti-galamsey efforts show signs of success
2 hours -
The Quiet Subversion of Esther Adeola Seriki’s “Everyday Grace”
2 hours -
Zelensky replaces Ukraine’s powerful security service chief
2 hours -
Man Utd hold talks with trio over caretaker role
2 hours -
High Commissioner Harruna Attah advances AfCFTA agenda through November in Namibia Business Forum
2 hours