Close Menu
MyGhanaDaily
    Facebook X (Twitter) Instagram
    MyGhanaDaily
    Sunday, October 5
    Trending
    • The People’s Poet Speaks Again – Omar Sterling Announces VTH 2 Mixtape
    • The Business Side of Ghanaian Music Nobody Talks About
    • Top 10 Rap Verses in Ghanaian Hip-Hop History
    • Best Ghanaian Music Videos of All Time
    • Top 10 Ghanaian Throwback Songs That Still Hit Today
    • Absa Bank Ghana hosts Strategic Dialogue on Ghana’s 24-Hour Economy initiative
    • Edem Sickle Cell Foundation partners NCCE mark sickle cell awareness month
    • TMA embarks on Tema Facelift Campaign
    Your Marketplace Banner
    • News
    • Business
    • Entertainment
      • Music
      • Movies
      • Fashion
      • Celebrity news
    • Sports
    • Health
    • Technology
    • Agriculture
    • Opportunites
    • Videos
    • More
      • Education
      • Tourism
      • History
      • Feature
      • Opinion
      • World
    MyGhanaDaily
    Home»Politics»Parliament to consider tax exemption bill next sitting
    Politics

    Parliament to consider tax exemption bill next sitting

    ComfortBy ComfortDecember 29, 2021No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    1C8DE36B 0D1F 48C3 8F07 33A66659FA6B

    Parliament is expected to give attention to Exemptions Bill, 2021 when sitting resumes next year.

    The bill which was laid by Finance Minister Ken Ofori-Atta on November 16, 2021 is currently before the finance committee.

    Send your stories to Email: myghanadaily@gmail.com • WhatsApp: +233 577 145 140

    The Bill seeks to streamline and rationalize the current exemptions regime on taxes, levies, fees and charges to improve domestic revenue mobilization by consolidating the already existing statutory provisions on tax and other exemptions and to provide for the administration of exemptions. The bill has been in and out of parliament for a while now.It expired with the 7th parliament after it was laid and referred to the finance committee. There are however moves to ensure the current bill is passed before leaving the house of legislature this time around.

    Ghana loses over GH¢5 billion every year through tax exemptions, according to the Institute of Economic Affairs. The Ghana Revenue Authority has had a cause to complain about revenues lost to granting of indiscriminate exemptions.

    Speaking at a stakeholder’s round-table discussion on the 2021 tax exemptions bill, head of exemptions for GRA Mrs. Adelaide Botchway declared steps must be taken to check abuse of the exemptions regime

    “…past beneficiaries, they are enormous. But when you look at the percentage, critically, it appears the exemptions are even outweighing the revenue we are collecting.”
    “And then the abuses are also on a higher side. But GRA is trying as much as possible to monitor the exemption and curb the abuses.” She said.
    Finance Minister Ken Ofori-Atta has assured the bill will be passed in the next meeting of parliament which starts in January 2022.

    Some civil society including the Tax Justice Coalition, Ghana (TJC); the Ghana Anti-Corruption Coalition (GACC); and the Parliamentary Network Africa (PNAfrica) with support from OXFAM are on a crusade to get the bill passed. The group has also tabled amendments to the bill in order to curb abuses.

    Parliament is currently on a break but Chairman for the Finance Committee Kwaku Kwarteng tells Starr News the Exemptions Bill will be one of the key pieces of legislation his committee will devote time to when the house resumes.

     

    Source: Ghana/Starrfm.com.gh/103.5FM

    Send your news stories to
    Email: myghanadaily@gmail.com • WhatsApp: +233 577 145 140
    Advertise with us | Follow our WhatsApp channel for more news
    General News
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleGhana administers 8m Covid-19 vaccines since onset of pandemic
    Next Article “Your behaviour at Wildaland festival was disrespectful, disgusting, insulting”-,Victoria Lebenee to Mr Drew
    Comfort

    Related Posts

    Accra Hosts 8th Sustainable Phosphorus Summit: Africa Takes Center Stage in Global Nutrient Sustainability Dialogue

    September 30, 2025

    GWL uncovers GH¢4.4m illegal water losses in six weeks

    September 30, 2025

    2 new MPs to be sworn in when Parliament resumes on October 14

    September 30, 2025
    LATEST NEWS
    • The People’s Poet Speaks Again – Omar Sterling Announces VTH 2 Mixtape
    • The Business Side of Ghanaian Music Nobody Talks About
    • Top 10 Rap Verses in Ghanaian Hip-Hop History
    • Best Ghanaian Music Videos of All Time
    • Top 10 Ghanaian Throwback Songs That Still Hit Today
    SPORTS NEWS

    2026 FIFA WCQ: Ghana beats Mali

    September 9, 2025

    The Black Stars Podcast: A six-part dive into Ghana’s football history, struggles and sparks of glory

    August 30, 2025

    2026 World Cup qualifiers: Black Stars set to open camp on September 1

    August 27, 2025

    Felix Afena-Gyan Joins Amedspor on Season-Long Loan

    August 21, 2025

    Ayew Stays Positive as Foxes Target Quick Response

    August 21, 2025
    Recent Posts
    • The People’s Poet Speaks Again – Omar Sterling Announces VTH 2 Mixtape
    • The Business Side of Ghanaian Music Nobody Talks About
    • Top 10 Rap Verses in Ghanaian Hip-Hop History
    • Best Ghanaian Music Videos of All Time
    • Top 10 Ghanaian Throwback Songs That Still Hit Today
    Like Us On Facebook
    Facebook Pagelike Widget
    • Facebook
    • Twitter
    • Instagram
    © 2019 -2025 Copyright | MyGhanaDaily.com

    Type above and press Enter to search. Press Esc to cancel.