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Nana Addo Approves 3 New Taxes

The three additional taxes that were approved by Parliament in March 2023 have been signed into law by President Nana Addo Dankwa Akufo-Addo.

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Kojo Oppong Nkrumah, the information minister, reaffirmed this in an interview with Citi News.

The Growth and Sustainability Levy Bill, 2022, the Ghana Revenue Authority Bill, 2022, and the Income Tax Amendment Bill, 2022 were all passed by Parliament on Friday, March 30.

The Information Minister confirmed the development and said that the bills have subsequently been sent back to the Clerk of Parliament for the completion of the last steps.

After then, the requisite transmittals must be made before the Ghana Revenue Authority may start the implementation process.

The financial bills aim to mobilize around 4 billion Ghana Cedis in domestic revenue each year.

In order to facilitate the Board Approval for the $3 billion International Monetary Fund (IMF) Programme staff-level agreement, the legislation are also essential to the government’s efforts.

An MP from the majority had a near-fatal accident on his way to the House, yet the bills were still carried despite the minority’s previous communication of disapproval.



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