Debate on the 2023 budget will begin today, Tuesday, November 29.
The Members of Parliament (MPs) are expected to express their views and suggestions on the policies announced in the budget.
This is after a two-day post budget workshop organised in Ho for the MPs.
The Finance Minister, Mr Ken Ofori-Atta on Thursday, November 24, presented the 2023 budget statement.
Notable amongst the policies are the Electronic Transfer Levy rate which is to be reduced to 1 percent, and the Value Added Tax rate to be increased from 12.5 percent to 15 percent.
Also included is the benchmark discount policy which is to be fully phased out in 2023 and an additional income tax bracket of 35 percent to be introduced.
These have been met with opposition as industry players lament the impact it will have on their businesses and livelihoods.
However, the government has said it intends to use the 2023 budget to focus on strategies to restore and stabilise the macroeconomy, build resilience, and promote inclusive growth and value creation.
Latest Stories
-
Bawumia joins thousands in Kumasi for burial prayers for Ashanti Regional Imam
3 minutes -
Blue Gold Bogoso Prestea Limited challenges government actions in court
30 minutes -
Patrick Atangana Fouda: ‘A hero of the fight against HIV leaves us’
1 hour -
Trinity Oil MD Gabriel Kumi elected Board Chairman of Chamber of Oil Marketing Companies
2 hours -
ORAL campaign key to NDC’s election victory – North America Dema Naa
2 hours -
US Supreme Court to hear TikTok challenge to potential ban
2 hours -
Amazon faces US strike threat ahead of Christmas
3 hours -
Jaguar Land Rover electric car whistleblower sacked
3 hours -
US makes third interest rate cut despite inflation risk
3 hours -
Fish processors call for intervention against illegal trawling activities
3 hours -
Ghana will take time to recover – Akorfa Edjeani
4 hours -
Boakye Agyarko urges reforms to revitalise NPP after election defeat
4 hours -
Finance Minister skips mini-budget presentation for third time
4 hours -
‘ORAL’ team to work gratis – Ablakwa
4 hours -
Affirmative Action Coalition condemns lack of gender quotas in Transition, anti-corruption teams
4 hours