However, these new taxes come at a time when the Ghanaian economy is already heavily burdened. The COVID-19 pandemic as we are made to believe by government has had a significant impact on the economy, leading to job losses, reduced economic activity, and increased debt levels. Additionally, the country has been facing challenges such as high inflation, recent power cuts, and a depreciating currency, among others.
However, these new taxes come at a time when the Ghanaian economy is already heavily burdened. The COVID-19 pandemic as we are made to believe by government has had a significant impact on the economy, leading to job losses, reduced economic activity, and increased debt levels. Additionally, the country has been facing challenges such as high inflation, recent power cuts, and a depreciating currency, among others.
Key pointers in the 2022 Income Tax Amendment (No. 2) bill and my take on the way forward. thebftonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thebftonline.com Daily Mail and Mail on Sunday newspapers.
Introduction As the Budget Statement and Economic Policy of the government for 2023 was presented by the executive on 24th November 2022, it was the expectation that revenue generation bills were supposed to be tabled under a certificate of urgency for Parliament consideration. But from recent past, it has…