News:
March 9, 2024
Parliament of Ghana has approved an amount of $300 million dollars as support for the 2024 annual budget.
Prior to the approval, the minority leader, Dr Cassiel Ato Forson made the position of his side clear that, they’re not going to support the approval of the loan, since government has over borrowed, more especially since we are in an election year.
He further added that, the finance minister, Dr Amin Adam has also presented tax exemptions to the tune of GH 5.5 billion cedis which is equivalent to $449 million dollars and that, the minority can help approve the loan only when the tax exemptions is withdrawn or changed to tax credit.
Hon K. T Hammond, the Minister for Trade and Industry and MP for Adansi Asokwa in his contribution said, the issue raised by the Minority on tax exemptions has no basis since such item has not been submitted to Parliament for approval but at the committee level.
He advised that, the Minority should exercise patience until those tax exemptions get to plenary for such debate to be carried out.
Finally the Finance Minister, Mr. Adam agreed to the call of the Minority and assured the House that, he is going to review all those exemptions and report back to Parliament in two weeks.
Kwaku Sakyi-Danso/Ghanamps.com