BBC Pidgin of Thursday, 24 November 2022
Source: BBC
Tough days dey ahead for Ghana as govment increase Value Added Tax (VAT) by 2.5% on Thursday.
Dis dey increase VAT from 12.5% to 15%, de latest announcement mean say de prices of goods go go up so far as e get VAT component.
Dis be part of efforts to increase de revenue generation drive of govment.
Finance minister, Ken Ofori Atta make dis announcement during de reading of de 2023 budget for parliament today.
As part of efforts to widen de tax net, govment also reduce electronic transactions levy from 1.5% to 1%.
Also, govment remove de transaction threshold of Ghc100 which dey attract e-levy charges.
What dis dey mean be say govment go fit collect e-levy charges on every transaction so far as pesin dey use mobile money/electronic transactions.
Frankly speaking, Ghana's 2023 budget presented to parliament this morning has no relief for Ghanaians looking at the economic hardship now.
— Samson Mensah (@SamMensO) November 24, 2022
Increasing VAT by 2.5% is going to be paid by the poor consumer. On e-levy, from onset government has already changed every penny. Eiiiii