play videoKen Ofori-Atta, Finance Minister-designate
Finance Minister-Designate Ken Ofori-Atta has stated that the new taxes introduced is part of the government's efforts to develop the nation in its second term.
Responding to a series of questions at the Ministerial vetting, Ofori-Atta said the new taxes is a shared responsibility and everyone must carry the burden to ensure development.
“We have proposed
Read full articlea number of taxes that you are aware of, that will affect petroleum which will lead to revenue for a delta fund, for energy, for capacity charges because we continue to have a gap between what ECG should be paying and what the rates are. The new taxes is a battle cry for us to come together to look at growth and transformation as supposed to burn our heads down because of COVID-19.
"The question is whether we can burden share and therefore move to stir the opportunities that will come. Is there ever a good time for taxes, I am not sure anybody will ever say that. Would we use taxes to enhance productivity and growth? I believe we will be able to do that,” he said.
He further stated that “we need to move forward, we need to share the burden, we need to create a society that will share the opportunity as we grow.”
Meanwhile, he noted that the Akufo-Addo government has been very phenomenal about how it handled the COVID-19 pandemic, and hence the new revenue management being rolled out is a step in the right direction to get the country back on the right track again.
