During the budget presentation on the floor of parliament, the finance minister announced some major tax cuts.
He explained to Accra-based Starr FM that usually a budget solves one problem of the country but the 2017 financial statement of the country is addressing three different problems, which is unusual of a budget.
“A budget that can bring a deficit of 10.2 to 6.5, a growth of 3.6 to 6.3; that’s growing and reducing deficit all simultaneously and eliminating taxes. I have never seen a combination like that. This is a budget of its own class, in a budget you solve one problem, this one is solving three.”
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During the budget presentation on the floor of parliament, the finance minister announced some major tax cuts. Taxes on airline tickets, vehicle spare parts, market tolls and many others were eliminated in the statement read on Thursday, March 2, 2017.
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Meanwhile, the minority in parliament has described the budget as deceptive.
Minority leader in parliament Haruna Iddrisu said “I’m sure the Ghanaian people are expecting some further announcement outside the budget and outside of the SONA [State of the Nation Address] as to the intentions of government to lower the electricity tariffs for them. This can only mean a betrayal of the significant trust that the Ghanaian people invested in them.”