Mr. Kojo Oppong-Nkrumah, the minister responsible for information, has disclosed that President Akufo-Addo has assented to the three new taxes; the Excise Duty Amendment Bill 2022, the Growth and Sustainability Levy Bill, 2022, the Ghana Revenue Authority Bill 2022 and the Income Tax Amendment Bill 2022.
This update was revealed by the Information Minister in an interview with Joy News’ Emefa Apawu on the Probe, in responding to a quiry regarding the state of the three new tax bills.
“The President has assented into law the three new tax bills passed by Parliament and has returned them to the Clerk of Parliament for the final processes to be completed”, he said.
“From there, there will be the necessary transmittals before the Ghana Revenue Authority can commence implementation.”
Parliament on Friday, March 31, passed the Excise Duty Amendment Bill 2022, the Growth and Sustainability Levy Bill, 2022, the Ghana Revenue Authority Bill 2022 and the Income Tax Amendment Bill 2022.
The financial bills seek to raise about 4 billion Ghana Cedis annually as part of domestic revenue mobilisation.
