The 2.5 percent Value Added Tax, VAT increase proposed by the government has been approved by Parliament.
The increment is to take place next year January 2023, which means Ghanaians will pay more for goods and services.
Even though the Minority kicked against the move, the House approved the motion after a head count offered the Majority 136 votes as against that of the Minority’s 135.
Minority Leader, Haruna Iddrissu says, such approval will only make businesses suffer.
” You’ve committed this country to high distress, our currency is devalued, inflation is very high, and we do not think that the Ghanaian people should be further burdened with an additional two and a half percent where the cost of living is already high, cost of doing business is high, businesses that are being subjected to this exchange will further suffer if this VAT is imposed.”
But the argument of the Majority was to enable the government raise enough revenue to resuscitate the dying economy.
