President Akufo Addo has put measures in place to fulfill most of his campaign promises.
Prior to the 2016 Presidential and Parliamentary elections, Vice President Mahamudu Bawumia, who was then the running mate, promised that an NPP government would lessen and abolish the tax burden on head porters, popularly known as ‘Kayayei’, among others.
Apart from that some highlights of the Manifesto of the New Patriotic Party (NPP) as far as the economy is concerned are as follows:
- NPP will broaden the tax base with the formalisation of the economy
– NPP will abolish the taxes on kayayei placed on them by the NDC gov’t
– NPP will introduce tax benefits for organisations that hire fresh graduates
– NPP will abolish the 17.5% VAT on domestic airline tickets
– NPP will shift the focus from taxation to production by reducing corporate tax rate from 25% to 20%
Presenting the first budget statement of the Nana Addo-led administration, Thursday, Finance Minister, Ken Ofori-Atta revealed that the tax burden on the 'kayayei' has been abolished.
This was mentioned as part of short and medium term measures that will be put in place by government.
Below are other tax cuts that were mentioned in the 2017 budget.
Abolishing of:
-1 % Special Import Levy
-Kayayei Market Tolls
-17.5 % VAT/NHIL on financial services,
-17.5 % VAT/NHIL on selected imported medicines, that are not produced locally,
-17.5 % VAT/NHIL on domestic airline tickets,
-5 % VAT/NHIL on Real Estate sales,
-Duty on imported Spare parts,
- Excise duty on petroleum
- Reduce special petroleum tax rate from 17.5% to 15%
- Replacement of 17.5% VAT/NHIL with 3 % flat rate for traders
- Replace 17% VAT tax on GSE traders with a flat rate of 3%
- Reduce national electrification levy
Source: Peacefmonline.com
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To Exposure. Yes Kayaye were given Local Council Tickets every day. That's the tax which is now abolished. Clearly, there were other taxes but don't know whether the Kayaye tax was introduced under His Ex JDM.
Collins Dauda should stop this propaganda and accept the fact that it's a year budget not the four years badget
I think Nana Addo has justify de reason why he was advocating n beging Ghanaians to try him n see,n clearly everything has now come into reality base on today's budget n i think a lot of Ghanaians ll be so excited about this policies which ll intend to stabilize our economy n to create more job opportunity for all long live Ghana long live Nana Addo AKA show boy
FOR THOSE WHO ARE ASKING OF WHERE TO GET MONEY TO DO DEVELOPMENT OR FUND FREE SHS. KINDLY ASK MAHAMA OR THE NDC WHERE THEY GET MONEY TO GIVE TO RLG OR ASUNTABA OR GEEDA OR SUBA. THAT $250 M GIVEN FOR SADA , WHERE DID THEY GET IT?
Was there anything like Kayayee tax and electrification levy under Mahama? I am really pleased about the intentions of the npp to reduce or eliminate taxes but let's be factual for once and be true to each other. Let's call black black instead of blue.
HELLO MR. PRESIDENT, I WILL LIKE TO COMMEND YOU ON LIFTING OFF THE BURDEN OF KILLER TAXES IMPOSED BY HEARTLESS NDC GOV'T. THIS IS THE BEGINNING OF GOOD THINGS TO COME. BUT THERE IS A PROBLEM IN THE REDUCTION OF PETROLEUM LEVY FROM 17.5% TO 15%. MR. PRESIDENT THIS WILL HAVE LITTLE EFFECT ON THE ORDINARY GHANAIAN. PETROL IS NOW SOLD AT GHc 20 PER GALLON WITH GHc 9 TAX. REDUCING BY 2.5% IS INSIGNIFICANT IN ALLEVIATING THE PLAIT AND THE SUFFERING OF THE ORDINARY GHANAIAN. WE WANT THE GOV'T TO COME OUT CLEAR ON THEIR POSITION IN REDUCING DRASTICALLY THE TAXES ON FUEL,UTILITY AND INSURANCE. THANKS
They are rounding themselves up, scraping taxes yet giving everything free, and then turn around to say Mahama kept the economy in crisis? how do you reconcile these things? where will you generate revenue to keep the free SHS running? You have made importation of spare parts free thinking you are giving favours to Aborsi Okai spare parts dealers but you forget people can simply buy old cars in Europe, even 15 years old cars break them into pieces send them to Ghana and clear them for free, then re-assembly them in Ghana. Which cars will government then tax? NPP is digging a hole around itself for burial.
The headline is 'Akufo Addo abolishes Tax on 'Kayayei' others and you are here asking about free SHS. Please if you did not listen kindly post your email address and I will send you a pdf copy of the budget, sit relaxed and read well. @ MAD-MAD-DOG .....and for those asking about revenue to meet government expenditure. You manage what you have wisely not over burdening citizens with nuisance taxes. Why should I be changed 17.5% VAT on bank changes which is already draining me. Let not be too political but logical
If you can't read can't you listen as well. my blood boils when i read illiterate comments like HOW ABOUT FREE SHS. Did you just wake up from a tomb?
We only need a change of mind set.