ADVERTISEMENT

Ghana’s Finance Ministry says it will not introduce new taxes in the 2020 budget

The government of Ghana has disclosed that it will not introduce new taxes in next year’s budget.

Ghana’s Deputy Finance Minister, Kwaku Kwarteng

The budget is scheduled to be presented to parliament in November this year.

ADVERTISEMENT

The Deputy Finance Minister, Kwaku Kwarteng made the revelation while speaking at the first stakeholder’s engagement for the 2020 budget.

The ministry has begun taking stakeholders inputs into the 2020 budget to enable it to address some of the concerns citizens including Civil Society Groups have about the country’s expenditure and revenue generation mechanisms.

Mr Kwarteng noted that “In next year, we have no plans of introducing new taxes. We will continue to review some of the reliefs we gave.”

“We are reviewing the Benchmark value because we are getting feedback from domestic manufacturers that in some specific areas, this policy is counterproductive,” he added.

He concluded that the government is seriously considering those concerns which will be addressed in the 2020 budget.

ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: news@pulselive.co.ke

Recommended articles

Linet Toto excited as she unveils sleek ride after 1 month in office [Photos]

Linet Toto excited as she unveils sleek ride after 1 month in office [Photos]

Africa’s richest man Aliko Dangote poised to overtake another Russian billionaire Vladimir Lisin on Bloomberg billionaires list

Africa’s richest man Aliko Dangote poised to overtake another Russian billionaire Vladimir Lisin on Bloomberg billionaires list

Diwali 2022: Is Monday a public holiday in Kenya?

Diwali 2022: Is Monday a public holiday in Kenya?

Top 10 African countries with the highest economic prospects for 2023

Top 10 African countries with the highest economic prospects for 2023

Mzee Kibor's will made public, revealing how vast wealth and millions will be distributed

Mzee Kibor's will made public, revealing how vast wealth and millions will be distributed

Ini Edo posts new photos amid reports of welcoming a baby through surrogacy

Ini Edo posts new photos amid reports of welcoming a baby through surrogacy

Mathias Pogba brands Paul Pogba 'a so-called Muslim steeped in witchcraft' amid fetish claims about Kylian Mbappe

Mathias Pogba brands Paul Pogba 'a so-called Muslim steeped in witchcraft' amid fetish claims about Kylian Mbappe

Referee behind chaos at AFCON was rushed to hospital after match

Referee behind chaos at AFCON was rushed to hospital after match

Ne-Yo speaks out after wife Crystal announced end of their 8-year marriage

Ne-Yo speaks out after wife Crystal announced end of their 8-year marriage

ADVERTISEMENT