fbpx
Thursday, May 22, 2025
  • HOME
  • ENTERTAINMENT
  • SPORTS
  • LIFESTYLE
  • BUSINESS
  • GENERAL NEWS
  • POLITICS
  • WORLD NEWS
  • TV
  • RADIOS
  • CONTACT US
  • OUR SHOP
No Result
View All Result
Kumasi Online Tv
Kumasi Online Tv
  • HOME
  • ENTERTAINMENT
  • SPORTS
  • LIFESTYLE
  • BUSINESS
  • GENERAL NEWS
  • POLITICS
  • WORLD NEWS
  • TV
  • RADIOS
  • CONTACT US
  • OUR SHOP
KUMASI ONLINE TV
No Result
View All Result
ADVERTISEMENT
Home BUSINESS

E-levy was not even needed in the first place – Murtala

Kumasi Online by Kumasi Online
25th November 2022
in BUSINESS
0
15
SHARES
127
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp
ADVERTISEMENT

Tamale Central Member of Parliament Ibrahim Murtala Mohammed has said that the e-levy policy was not needed in the first place due to, in his view, the burden of such tax regime on the poor.

He indicated that almost everybody was against the policy when it was introduced but the government did not listen.

“Those who rejected the e-levy were considering the burden of such tax regime on the poor,” he said on the Big Issue on TV3 with Roland Walker on Friday November 23 while discussing the 2023 budget presentation.

The Finance Minister Ken Ofori-Atta announced a proposal in the 2023 budget statement to reduce the e-levy rate from 1.5 per cent to 1 percent.

He also announced a proposal to “increase the VAT rate by 2.5 percent to directly support our roads and digitalization agenda;  Fast-track the implementation of the Unified Property Rate Platform programme in 2023; and Review the E-Levy Act and more specifically, reduce the headline rate from 1.5% to one percent (1%) of the transaction value as well as the removal of the daily threshold.”

He said these when he presented the 2023 budget statement in Parliament on Thursday November 24.

Mr Ofori-Atta further assured Parliament and Ghanaians in general that every dime that is collected in the form of taxes will be spent well by the government.

He said “There will be fiscal discipline, every pesewa will be spent well.”

He further proposed in the 2023 budget presentation an increment in the Value Added Tax (VAT) by 2.5 per cent.

ADVERTISEMENT

The standard VAT rate is 12.5%, except for supplies of a wholesaler or retailer of goods, which are taxed at a total flat rate of 3%.

ADVERTISEMENT

The proposal to increase the rate forms part of the seven point agenda to revitalize the economy, the Finance Minister told Parliament on Thursday November 24.

He also announced that the government will undertake major structural reforms in the public sector.

Regarding the economic challenges, he told Parliament that the government was determined to change the narrative after admitting that the country has been going through troubles.

“The government is determined to change the negative narrative and rebuild for a better future,” he said.

Source: 3news.com|Ghana

SEND A STORY: Do you have a story for us or need a promotion / advertisement? Submit them via our email dannyboy744@gmail.com and via on +233 266777777

https://www.instagram.com/kumasionlinetv/
Previous Post

Ghana Hold Portugal in First Half of The Opening World Cup Game

Next Post

He’s An Apology Of A Referee” – Saddick Adams loses cool, calls FIFA to suspend referee Ismail Elfath

Related Posts

BUSINESS

April’s inflation rate slightly decreases to 25%.

8th May 2024
BUSINESS

Dumsor compels retailers to keep fuel and generators inside their establishments GUTA says, ‘It’s dangerous’ for market safety and security

29th April 2024
BUSINESS

You have 120 days to raise funds in order to restructure operations, and two weeks to start paying salaries. Lands Min. to FGR

25th April 2024
BUSINESS

Ghanaians with foreign income are urged by GRA to voluntarily comply with their taxes

17th April 2024
BUSINESS

Petrol Price To Hit Single Digit- IES …Diesel To Drop To GHC11

30th December 2022
A petrol station worker fuels a car along Kimathi street on July 14 2019,after the Energy and Petroleum Regulatory Authority (EPRA) announced new retail pump prices of petroleum products effective from July 15 to August 14, 2019.price of super petrol increase by Sh0.29 per litre while diesel and kerosene decreased by Sh0.88 and SH2.31 per litre respectively.PHOTO|SILA KIPLAGAT
BUSINESS

COPEC predicts marginal reduction in fuel prices from January 1

30th December 2022
Next Post

He’s An Apology Of A Referee” – Saddick Adams loses cool, calls FIFA to suspend referee Ismail Elfath

Ghanaians chase FIFA to investigate referee over Ronaldo’s penalty

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

SUBSCRIBE TO OUR CHANNEL

LISTEN LIVE

PLACE YOUR ADVERT HERE

ENROLL NOW +233 550623377

LAST TWEETS




KUMASI ONLINE GH




KOBOKOBO (SEASON 1) EP 1
KOBOKOBO (SEASON 1) EP 2
KOBOKOBO (SEASON 1) EP 3
KOBOKOBO (SEASON 1) EP 4
KOBOKOBO (SEASON 1) EP 5
KOBOKOBO (SEASON 1) EP 6
KOBOKOBO (SEASON 1) EP 7
KOBOKOBO (SEASON 1) EP 8
KOBOKOBO (SEASON 1) EP 9
  • Blog
  • Privacy
  • Advertisement
  • Contact

Connect With Us Online Sales: 0208115183 | 0266777777 | Ads Dept: +233 550623377 © 2017-2024 All Rights Reserved Kumasi Online Ghana .

No Result
View All Result
  • HOME
  • ENTERTAINMENT
  • SPORTS
  • LIFESTYLE
  • BUSINESS
  • GENERAL NEWS
  • POLITICS
  • WORLD NEWS
  • TV
  • RADIOS
  • CONTACT US
  • OUR SHOP

Connect With Us Online Sales: 0208115183 | 0266777777 | Ads Dept: +233 550623377 © 2017-2024 All Rights Reserved Kumasi Online Ghana .

Verified by ExactMetrics