{"id":59137,"date":"2022-12-22T10:44:15","date_gmt":"2022-12-22T10:44:15","guid":{"rendered":"https:\/\/www.kumasionlinegh.com\/?p=59137"},"modified":"2022-12-22T10:44:19","modified_gmt":"2022-12-22T10:44:19","slug":"minority-loses-by-1-vote-in-quest-to-reject-vat-amended-bill","status":"publish","type":"post","link":"https:\/\/www.kumasionlinetv.com\/?p=59137","title":{"rendered":"<strong>Minority loses by 1 vote in quest to reject VAT Amended Bill<\/strong>"},"content":{"rendered":"\n<p><strong>Despite stiff opposition to the 2.5 percent increment in the Value Added Tax (VAT) as contained in the 2023 budget statement, the Minority could not marshal the needed numbers to win the voting called.<\/strong><\/p>\n\n\n\n<p>After a heated debate on the floor of Parliament Thursday dawn, the matter was put to voting and the Majority won.<\/p>\n\n\n\n<p>The Majority won with 136 votes as against the Minority\u2019s 135.<\/p>\n\n\n\n<p>The introduction of the 2.5 percent increment in VAT in the 2023 budget read on Thursday, November 24 came as a surprise to many, especially given the resistance by the current president, then a member of the opposition in 1995, when the tax was introduced.<\/p>\n\n\n\n<p>Nana Akufo-Addo was one of the leaders of the popular deadly \u2018Kumi Pr3ko\u2019 demonstration against the Rawlings-led administration.<\/p>\n\n\n\n<p>In arguing against the policy on the floor of Parliament on Wednesday night, Ranking Member on the Finance Committee Dr Cassiel Ato Forson cautioned against the introduction of the 2.5 percent increment at this time of economic turmoil.<\/p>\n\n\n\n<p>\u201cI do not believe that this is the time to introduce a VAT, a tax that seems to take away additional disposable income,\u201d he stated.<\/p>\n\n\n\n<p>\u201cI urge the Ministry of Finance to wait for this measure and introduce this single tax handle at the right time, during times of stability, particularly at a time when disposable income has not been eroded by 300 percent,\u201d the Ajumako-Enyan-Essiam Member of Parliament (MP) urged.<\/p>\n\n\n\n<p>Nhyiaeso MP Dr Stephen Amoah, however, challenged the Ranking Member and said even \u201cgiant\u201d economies like that of the US are facing inflationary challenges and increasing taxes.<\/p>\n\n\n\n<p>He said the&nbsp;<a href=\"https:\/\/3news.com\/tag\/national-democratic-congress\/\">National Democratic Congress (NDC) only wants to reject the VAT to \u201cdestroy the country because they want Ghanaians to vote for them\u201d.<\/a><\/p>\n\n\n\n<p>\u201cI am urging my brothers [in the Minority] to bury their ego, to stop displaying their egotrips and support this good alternative and ensure that this country could rise up to continue the good works that we are doing.\u201d<\/p>\n\n\n\n<p>The Amendment Bill was approved.<\/p>\n\n\n\n<p><strong>SEND A STORY:<\/strong>\u00a0Do you have a story for us or need a promotion \/ advertisement? Submit them via our email\u00a0<strong><a href=\"mailto:dannyboy744@gmail.com\">dannyboy744@gmail.com<\/a>\u00a0and via on +233 266777777<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite stiff opposition to the 2.5 percent increment in the Value Added Tax (VAT) as contained in the 2023 budget statement, the Minority could not marshal the needed numbers to win the voting called. After a heated debate on the floor of Parliament Thursday dawn, the matter was put to voting and the Majority won. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":59138,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"iawp_total_views":0,"footnotes":""},"categories":[41],"tags":[],"class_list":["post-59137","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Minority loses by 1 vote in quest to reject VAT Amended Bill - Kumasi Online TV<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.kumasionlinetv.com\/?p=59137\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Minority loses by 1 vote in quest to reject VAT Amended Bill - Kumasi Online TV\" \/>\n<meta property=\"og:description\" content=\"Despite stiff opposition to the 2.5 percent increment in the Value Added Tax (VAT) as contained in the 2023 budget statement, the Minority could not marshal the needed numbers to win the voting called. After a heated debate on the floor of Parliament Thursday dawn, the matter was put to voting and the Majority won. 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