2021 budget is nothing but taxes galore 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.
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.
Dr Priscilla Twumasi Baffour is a Senior Lecturer at Department of Economics, University of Ghana
The timing of the taxes announced by the government in the 2021 budget and economic statement is “problematic”, Dr Priscilla Twumasi Baffour, a Senior Lecturer at the Department of Economics, University of Ghana, has said.
In her view, the government could have been more “innovative” with the taxation option by targeting the haves instead of burdening the have-nots, too, with the same taxes.
Caretaker Finance Minister Osei Kyei-Mensah-Bonsu, on Friday, 12 March 2021, told Parliament while delivering this year’s budget that the government is introducing a 10p sanitation and pollution levy; and 20p excess power capacity levy, both on the Energy Sector Levy Act (ESLA) with the combined effect is an increase in the ex-pump price of fuel by 5.7 percent.