Speaking at a retreat for MPs, the leader of the caucus, Haruna Iddrisu, said his side was open to collaborating with the government as it works to overcome the economic crisis.
ADVERTISEMENT
Review E-levy rate to 0.5%, GHS 300 threshold - Minority to Gov't
The Minority in Parliament has suggested a 0.5 percent Electronic Transfer Levy and a GHS 300 threshold to cushion poorer Ghanaians.
MP for Tamale South, Haruna Iddrisu,
Recommended articles
“We will subject the new E-levy rate to further critical and thorough discussions as a caucus to assist the government to get out of its eminent economic crisis,” he said.
“But without going into the scenarios, as you look at your scenarios, consider another 0.5 percent at a threshold of GHS 300 as compared to what you have admitted of 1 percent at a threshold of zero,” the Minority leader added.
The Tamale South lawmaker added that his side was yet to decide on the proposed increase of the VAT rate by 2.5 percent.
ADVERTISEMENT
He however warned it might have terrible consequences for businesses.
In the 2023 budget statement, the Finance Minister, Ken Ofori-Atta, said this review was part of a seven-point agenda aimed at restoring macroeconomic stability and accelerating our economic transformation.
According to him, these revenue measures are crucial to pulling Ghana’s economy from the brink of collapse.
The minister thus rallied MPs to support the measures and pass them on time.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.com.gh
Recommended articles
Parents will soon beg for their children to enrol in public basic schools -Dr Osei- Adutwum
Government rebrands public basic schools, set to change brown and yellow uniforms
I won’t apologize for ECG Manager's arrest – Ashanti Regional Minister
Trailblazing Prof. Jane Agyemang: The political powerhouse shaking up the NDC!
John Mahama can’t succeed me as President because I defeated him twice – Akufo-Addo
President Biden signs law to potentially ban TikTok if not sold
I won’t be a driver’s mate to John Mahama – Prof. Naana Opoku-Agyeman
‘Dumsor’ challenges will end in a few days – ECG Board Chairman assures Ghanaians
