NDC MP Ato Forson gives 7 reasons why Ghanaians will be worse off under Nana Addo s 2021 budget [ARTICLE] pulse.com.gh - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pulse.com.gh Daily Mail and Mail on Sunday newspapers.
Kwaku Kwarteng, the Chairman of the Finance Committee of Parliament, has justified the introduction of three levies and the decision by the government to increase taxes in the 2021 budget statement.
The government is seeking to introduce four new levies and increase other existing ones this year.
Some of the levies in question are COVID-19 health levy, Petroleum levy, Sanitation, and Pollution levy as well as financial sector clean up the levy.
The Caretaker Minister for Finance, Osei Kyei-Mensah-Bonsu presenting the 2021 budget explained that Ghana has over the years faced difficulties with the economy arising from high excess capacity payments in the energy sector and other non-recurrent expenditures.
“Despite the substantial progress made by the Akufo-Addo Government, there is the need to find additional resources to cover the excess capacity charges that have resulted from the Power Purchase Agreements (PPAs) signed by the previous Government which required payments for capacity charges even when the plants involved were idle or unutilised.
2021 budget: 30 pesewas levy on fuel is a lazy approach – Duncan Amoah modernghana.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from modernghana.com Daily Mail and Mail on Sunday newspapers.
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After a year of havoc, wreaked on the economy by COVID-19, the government has laid a blueprint of bold policies and programmes to stop the spread of the virus and contain its effects; revert the economy onto the path of transformational growth and ensure prosperity for all Ghanaians.
In the country’s first budget since the virus struck in March last year, the government sought the permission of Parliament to raise more revenue from the public, grant tax rebates to businesses and increase spending on infrastructure and productive sectors in a burden-sharing effort meant to pull the nation out of the clutches of the pandemic.