2020 budget: No new taxes to be included — Finance Ministry

2020 budget: No new taxes to be included — Finance Ministry

- The Finance Ministry has revealed that it would not be introducing new taxes in the 2020 budget

- According to Deputy Finance Minister, Kwaku Kwarteng, the government’s current focus is to review tax exemptions

- He said government is seriously considering concerns which would be addressed in the 2020 budget

Government has announced that it would not introduce new taxes in the 2020 budget which is scheduled to be presented to parliament in November 2019.

The finance ministry has begun taking stakeholders inputs into the 2020 budget to enable it to address concerns citizens have about the country’s expenditure and revenue generation mechanisms

Speaking to Citi Business News, Deputy Finance Minister, Kwaku Kwarteng, said the government’s current focus is to review tax exemptions.

READ ALSO: Ghanaians vote late Amissah-Arthur as a better VEEP than Bawumia

“In next year, we have no plans of introducing new taxes. We will continue to review some of the reliefs we gave.

We are reviewing the Benchmark value because we are getting feedback from domestic manufacturers that in some specific areas, this policy is counter productive," he said.

He said the government is seriously considering some concerns which would be addressed in the 2020 budget.

READ ALSO: 7 sweet photos that show the girlfriend of Osei Kwame Despite's 16-year-old son is beautiful

In other news, Eric Kojo Duah, the main suspect in the killing of two police officers at Gomoa Buduburam near Kasoa in the Central Region has been arrested, YEN.com.gh has learnt.

Information gathered by YEN.com.gh, the alleged cop killer was busted while trying to flee the country to Togo.

According to a report YEN.com.gh sighted on Dailyguidenetwork.com, Duah was arrested around 2:00 am on Saturday, August 31, 2019, aboard an Aflao bound vehicle.

READ ALSO: 13-year-old eyewitness narrates how cops were killed at Kasoa

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Source: Yen

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