Audio By Carbonatix
Government’s claim of providing significant tax relief in the 2025 Budget has been challenged by the Ofoase Ayirebi MP Kojo Oppong Nkrumah.
The Ranking Member on the Economy and Development Committee of Parliament argues that contrary to the Finance Minister’s announcement during the budget presentation on Tuesday, only two of the 6 taxes listed for removal have actually been abolished.
According to him, this misrepresentation misleads Ghanaians into believing they are receiving more relief than they actually are.
Speaking in an interview with Movement TV on Wednesday, March 12, 2025, Mr Oppong Nkrumah criticised the Minister for Finance, Dr. Cassiel Ato Forson, for what he described as an attempt to “deceive” the public into believing that the government has provided substantial tax relief.
“The government claims to have removed 6 taxes, but when you carefully examine the budget appendices, you will realize that only two have actually been removed—the 1% Electronic Transactions Levy (E-Levy) and the 1.5% withholding tax on the mining of unprocessed gold by small-scale miners,” he stated.
The six taxes the government listed as abolished in the 2025 Budget include the 1% E-Levy, the 10% withholding tax on lottery winnings (which the Finance Minister referred to as the betting tax), the emission levy on industrial vehicles, VAT on motor vehicle insurance policies, the 1.5% withholding tax on unprocessed gold by small-scale miners, and the 1% COVID-19 levy.
However, Mr. Oppong Nkrumah argued that four of these taxes remain in effect, despite the government's claim.
“If you take a closer look, you will see that the emission levy, VAT on motor vehicle insurance, the betting tax, and the 1% COVID-19 levy have not been scrapped as claimed. The appendices of the budget clearly show this,” he emphasized.
He further called on the Finance Minister to be truthful with Ghanaians and provide clarity on the status of the remaining four taxes. “We cannot allow the government to create a false impression.
"If you are truly providing relief, it must be evident in policy implementation, not just in political rhetoric,” he added.
The debate over the government's tax policy is expected to intensify in Parliament as government prepares to present its appropriation for consideration.
Latest Stories
-
Ghanaian community in Switzerland champions inclusive governance at Diaspora Dialogue Series
18 minutes -
UN slavery resolution isn’t binding, but revives calls for reparations – Prof Appiagyei-Atua
22 minutes -
Ablakwa expresses deep gratitude to UN member states for backing Ghana’s slavery resolution
26 minutes -
Gender Minister engages management, introduces new Chief Director at MoGCSP
33 minutes -
Last Gallop: The rise, fall and fight for Horse Racing in Ghana
36 minutes -
Communications Minister launches Ghana Climate Atlas to strengthen planning and climate resilience
38 minutes -
Maintain credibility, reduce commentary — NDC elections director advises Mussa Dankwah
44 minutes -
NDPC urges time discipline and stronger systems to accelerate Ghana’s development
45 minutes -
AU’s legal path to UN slavery resolution not strong enough – Prof Appiagyei-Atua
47 minutes -
Ghana Boundary Commission flags damaged pillars and development gaps in Bono Border communities
50 minutes -
Enforcing UN slavery resolution will be difficult — Prof Appiagyei-Atua
52 minutes -
Ghana, UK deepen education ties as Haruna Iddrisu meets British High Commissioner
53 minutes -
Students urged to lead climate action through Ghana Green Scholars Programme
57 minutes -
IMANI Brief: When service to nation becomes opportunities for sale
1 hour -
‘We want to make a statement’ – Semenyo on Austria friendly
1 hour
