Story: Kwadwo Owusu ADUOMI
Members of Parliament (MPs) have converged at the Volta Serene Hotel in Ho for a post-budget workshop.
This is to give the MPs an opportunity to discuss the policies outlined in the 2023 budget statement presented to Parliament on Thursday, November 24, 2022.
Also, the venue is the beleaguered Finance Minister, Ken Ofori-Atta.
The Finance Minister on Thursday presented the government’s 2023 budget statement in Parliament in accordance with the requirement under Article 179 of the 1992 Constitution of the Republic of Ghana.
The Minister outlined a seven-point agenda to boost the economy, including the 2.5 per cent increase in VAT and the review of the 1.5 per cent Electronic Transfer Levy rate to 1 per cent.
Mr Ofori-Atta further indicated that the increase in VAT was expected to yield GH¢2.7 billion.
According to him, these funds will be used to augment funding for road infrastructure development.