Dr. Cassiel Ato Forson, the ranking member of the finance committee of parliament, said the minority would now accept the charge to enable the government raise an amount of GH2.2 billion for 2023 during a debate on the bill’s revision.
Additionally, the minority in parliament has been successful in keeping the government’s GH100 mobile money barrier in place.
“Since the levy was enacted till now, the value of GH100 has decreased. Therefore, I’m not sure why that criteria should be eliminated.
In our opinion, the entire levy should be eliminated. We cannot remain the same individuals who are opposed to it because we were unable to do it and the government decreased it from 1.5 to one percent.
The government’s planned 2.5 percent rise in the value-added tax, which would take effect in 2023, has been approved by Parliament.
As a result, Ghanaians will spend more in the upcoming year for products and services.
Despite the Minority’s resistance, the motion passed the House with 136 votes in favor and 135 votes against it following a head count.
According to Minority Leader Haruna Iddrisu, such acceptance will simply make the financial situation worse.
The Appropriations Bill for the fiscal year 2023 has been passed by Parliament. The bill includes all projections for anticipated government spending.
The consolidated fund and other public money will provide GHS 800 million of the GHS 227 billion the government plans to spend in 2023.
Alban Bagbin, Speaker of the House, led the chamber in passing the Bill. He said, “The Appropriation Bill 2022 is properly read the third time and passed.”
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