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Newly introduced taxes will worsen plight of citizens – Mahama LISTEN According to him, the taxes “will worsen the plight of the citizenry”. The government has introduced some new taxes to help it generate additional revenue. The taxes include the COVID-19 Health Recovery Levy Act, 2021 (Act 1068) which imposes a one percent levy on the supply of goods and services made in the country other than exempt goods or services, the Financial Sector Recovery Levy Act, 2021 (Act 1067) which imposes a five per cent levy on the profit before tax of banks and the Energy Sector Levy (Amendment) ...

COVID-19 levy, taxes on fuel take effect from today May 1 Listen to article Three of government’s new taxes have taken effect, beginning today, Saturday, May 1. These new taxes are as a result of the imposition of an Energy Sector Recovery Levy of GHS 20 pesewas per litre of petrol/diesel and 18 pesewas per kg on Liquefied Petroleum Gas (LPG) and a Sanitation and Pollution Levy of GHS10 pesewas per litre of petrol and diesel. Also taking effect is the COVID-19 Health Recovery Levy Act, 2021 (Act 1068) and the Energy Sector Levy (Amendment) Act, 2021 (Act 1064). In an earlier statement, ...

The new taxes introduced by the government in the 2021 budget are to come into effect in May this year, the Ghana Revenue Authority has announced. Presenting the budget on behalf of Finance Minister Ken Ofori-Atta, Majority Leader Osei Kyei-Mensah-Bonsu, on Friday, 12 March 2021, told Parliament that the government was 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 being an increase in the ex-pump price of fuel by 5.7 per cent. Additionally, the government introduced a 1 per cent COVID-19...

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Parliament has passed the Energy Sector Levies (Amendment) Bill, 2021 and the Financial Sector Recovery Levy Bill, 2021 to impose special levies on sections of the economy.