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.