Political science lecturer Prof. Ransford Gyampo has hailed the novelty introduced in the 2025 Budget by Finance Minister Dr. Ato Forson, describing the move to reduce tax refunds from 6% to 4% to cater for taxes removed as unprecedented.
In a Facebook post, the Chief Executive Officer of Ghana Shippers Authority said that novelty “requires brains from people who truly went to school and can think, not those who claim they went to school but couldn’t learn anything”.
Reducing tax refunds from 6 to 4% to cater for tax removals, is an unprecedented move. It is a novelty that require brains from people who truly went to school and can think, not those who claim they went to school but couldn’t learn anything.
In parliament today, the Finance Minister read the budget statement and announced the decision by President Mahama-led NDC government decision to abolish betting tax, e-levy, covid tax and emission tax without introducing any new taxes.
These scraped taxes will have a reduction in tax refunds to fill the gap. This many described as a refreshing air for Ghanaians.
Read summary of the various allocations in the budget
