The Minority Caucus in Ghana’s Parliament led by its Leader, Dr. Cassiel Ato Baah Forson says the Nana Addo Dankwa Akufo-Addo Bawumia-led government has introduced 50 new taxes since assuming office in 2017.
He said the taxes have brought nothing but too much burden on the already impoverished Ghanaian.
“Mr. Speaker, you recall in 2017 this same Finance Minister told this House that they were removing so-called ‘nuisance taxes.’ That was a hoax! Today, we are witnessing an epidemic of nuisance taxes, taxes, and more taxes.
This government has burdened Ghanaians with over 50 taxes despite their promise ‘to shift the economy from taxation to production.’ Mr. Speaker, notwithstanding the over 50 taxes imposed by this government since 2017, this 2024 budget is introducing additional taxes worth GH¢11 billion,” he said.
“Mr. Speaker, any additional tax will worsen the extreme poverty in our dear country. We cannot support these new taxes because they will put an extra burden on businesses. Already, businesses are collapsing because of the high cost of doing business in Ghana.
We cannot support these new taxes because currently tax exemptions pending before the Finance Committee amounts to GH¢5.5 billion, equivalent to USD449 million,” he reiterated.