President Nana Addo Dankwa Akufo-Addo has assented into law the three new taxes passed by Parliament in March 2023, Information Minister Kojo Opong Nkrumah has revealed.
According to the Minister, the bills have since been returned to the Clerk of Parliament for the final processes to be completed.
“From there, there will be the necessary transmittals before the Ghana Revenue Authority can commence implementation.”
Parliament on April 1 passed the Excise Duty Amendment Bill 2022, the Growth and Sustainability Levy Bill, 2022, the Ghana Revenue Authority Bill 2022 and the Income Tax Amendment Bill 2022.
According to the government, these bills would help it generate about 4 billion Ghana Cedis annually as part of domestic revenue mobilisation.
It has also explained that the bills will help Ghana get the approval of its request for a bailout from the International Monetary Fund.
By: Rainbowradioonline.com/Ghana
