Excise Duty Amendment News Today

Journey towards the passage of the Excise Duty Amendment Act, 2023 specifically the alcohol tax increase

However, these new taxes come at a time when the Ghanaian economy is already heavily burdened. The COVID-19 pandemic as we are made to believe by government has had a significant impact on the economy, leading to job losses, reduced economic activity, and increased debt levels. Additionally, the country has been facing challenges such as high inflation, recent power cuts, and a depreciating currency, among others.

However, these new taxes come at a time when the Ghanaian economy is already heavily burdened. The COVID-19 pandemic as we are made to believe by government has had a significant impact on the economy, leading to job losses, reduced economic activity, and increased debt levels. Additionally, the country has been facing challenges such as high inflation, recent power cuts, and a depreciating currency, among others.

BBC Ghana President Akufo-Addo sign three new tax bills wey Parliament pass into law. De three new taxes, Excise Duty Amendment tax, de Growth and Sustainability Levy tax and de Income Tax Amendment Bill dey form part of government plans to generate revenue as de country dey go throug

The Parliament of Ghana approved the three revenue bills which include the Excise Duty Amendment. The Excise Duty Amendment levy imposes new excise duty of 20 percent for non-alcoholic sweetened beverages, from 17.5 percent to 20 percent excise duty on mineral water, 45 percent of duty for wines, including sparkling wine, and 50 percent for spirits, all at ex-factory prices, was not appropriate. | Pulse Ghana

The Business Edition of PM Express will tonight discuss the conditionalities the International Monetary Fund has put before Ghana before securing a bailout.

There is a desperate plea for the government not to pass its three new revenue measures that are the Growth and Sustainability bill, Excise Duty amendment bill and the Income Tax Amendment bill.

The Business Edition of PM Express will tonight discuss the conditionalities the International Monetary Fund has put before Ghana before securing a bailout.