The minister of information has come out with the worst possible news for Ghanaians as he has hinted the introduction of new taxes in the 2022 budget which according to him is paramount to shore up revenue flow the execution of developmental projects
Because of the need for public services like as road and hospital development, it is critical, according to the Member of Parliament for the Central Region’s Ofoase-Ayirebi district, that “new broad-based taxes” be implemented in the 2022 budget.
“Obviously, we would need to introduce some new broad-based taxes if we are to rake in the needed revenues to deliver what our people desire”.
“New taxes may have to be imposed on items that exclude the poor and do not have a high cascading effect so that it does not increase the difficulties that the Ghanaian is going through,” he said in an interview with journalists in Accra on Wednesday, November 10, 2021.
As the government prepares to submit the 2022 Budget Statement and Economic Policy in Parliament on November 17, a nationwide debate is raging about how the government should approach revenue mobilization in order to address the wide fiscal imbalance in its books.
The minister of information that there is no need to debate about it as there Government has no choice in the matter if it is to meet the increasing demands of the people in terms of infrastructure development then new taxes must be introduced to increase and diversify its mobilisation of funds