The government is seeking to introduce four new levies and increase other existing ones this year.
Some of the levies in question are COVID-19 health levy, Petroleum levy, Sanitation, and Pollution levy as well as financial sector clean up the levy.
The Caretaker Minister for Finance, Osei Kyei-Mensah-Bonsu presenting the 2021 budget explained that Ghana has over the years faced difficulties with the economy arising from high excess capacity payments in the energy sector and other non-recurrent expenditures.
“Despite the substantial progress made by the Akufo-Addo Government, there is the need to find additional resources to cover the excess capacity charges that have resulted from the Power Purchase Agreements (PPAs) signed by the previous Government which required payments for capacity charges even when the plants involved were idle or unutilised.
Akufo
Ghana-general
Ghana
Ghanaians
Osei-kyei-mensah-bonsu
Health-levy
Energy-sector-recovery-levy
Caretaker-minister
Akufo-addo-government
Power-purchase-agreements
Akufo-addo