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
-
KAIPTC Commandant calls for continent-wide strategy to tackle Africa’s maritime security threats
3 minutes -
GRIDCo investigates Mallam substation fire as power restoration continues in Accra
4 minutes -
20% digital tax is not E-Levy – GRA boss
14 minutes -
Defence Minister calls for intelligence-sharing and regional cooperation to tackle maritime insecurity
18 minutes -
Afenyo-Markin failed to comply with procedural rules in defamation suit – Sammy Gyamfi’s lawyers
29 minutes -
GRA recovered GH¢1.3bn out of about GH¢1.4 bn unpaid VAT from ECG – Anthony Sarpong
31 minutes -
KMA to extend daily toll collection to nights and weekends
33 minutes -
Ghana secures second consecutive term on UN Human Rights Council
37 minutes -
KATH Catheterisation lab targets December completion amid specialist staffing concerns
37 minutes -
Government working to address economic challenges driving youth into galamsey – Mahama
48 minutes -
Domestic Capital Africa campaign targets US$600bn pension funds for SME growth
48 minutes -
Women leaders’ wisdom and work deserve recognition – Mahama
58 minutes -
NRSA to refund surplus from auctioned vehicles of non-subscribers after deducting towing costs
60 minutes -
Ghana must integrate AI into mainstream education – DigiMarkt Project Board
60 minutes -
Armwrestling: Ghana unveils World Armwrestling Championship squad, appeals for travel support
1 hour