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GHANAIANS ARE SHOCKED WITH THE MID YEAR BUDGET REVIEW- ICU GENERAL SECRETARY

The General Secretary of Industrial and Commercial Workers Union (ICU) Mr Solomon Kortey claims that Ghanaians are shocked with the just reviewed mid-year budget by the Finance Minister Ken Ofori –Atta.

He disclosed this in an interview on Pink Fm’s Morning Show ‘Omanbapa Kasa’ hosted by Kofi Asamoah Aning.

According to Mr Kortey, there were reports that there will be an increment of taxes but  it did not happen.

“We will have to give thanks to the Almighty God and the President  Nana Addo Danquah   Akuffo Addo”. He added

Prior to the review of the budget there were reports that government will increase Value Added Taxes [VAT] from 17.5% to 21%.

The General Secretary of ICU   stated that the Industrial and Commercial Workers Union will critically review the budget and bring out their findings soon.

 

Background

 The Mid-Year budget was presented to the Parliament by the minister of Finance Honourable Ken Ofori Atta on Thursday, July 19, 2018.

The Finance Minister stated that government is not collecting as much taxes as it should.

Instead of the government imposing many taxes, it has brought out measures;

  1. Ensure compliance with existing tax laws
  2. Plug the leakages in the existing system
  3. Ensure value for money for the expenditures that government undertakes
  4. Ensure that the wealthy also pay their fair share.

 

Story By : Michael Nabary/Pinkfmonlinegh.com

 

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