• About Us
  • Contact Us
  • Photo Gallery
  • Privacy Policy
  • Terms of Use
  • Citi TV
Wednesday, February 1, 2023
Citinewsroom - Comprehensive News in Ghana
  • Home
  • News
  • Business
  • Sports
  • Showbiz
  • Coronavirus
  • Infographics
  • Livestream
  • Videos
No Result
View All Result
Citinewsroom - Comprehensive News in Ghana
  • Home
  • News
  • Business
  • Sports
  • Showbiz
  • Coronavirus
  • Infographics
  • Livestream
  • Videos
No Result
View All Result
Citinewsroom - Comprehensive News in Ghana
No Result
View All Result

Afenyo-Markin defends government’s decision to introduce new levies

Ernest ArhinfulbyErnest Arhinful
March 13, 2021
Reading Time: 2 mins read
leadership of majority in parliament
ShareShareShareShare

The Deputy Majority Leader in Parliament, Mr. Alexander Afenyo-Markin has defended government’s decision to introduce new levies in the 2021 budget.

Government is seeking to introduce four new levies and increase other existing ones this year.

Some of the levies in question are COVID-19 health levy, Petroleum levy, Sanitation and Pollution levy as well as financial sector clean up levy. 

While presenting the 2021 budget in Parliament on Friday, March 12, 2021, Caretaker Minister for Finance, Osei Kyei-Mensah-Bonsu explained that Ghana has over the years faced difficulties with the economy arising from high excess capacity payments in the energy sector and other non-recurrent expenditures.

“Despite the substantial progress made by the Akufo-Addo Government, there is the need to find additional resources to cover the excess capacity charges that have resulted from the Power Purchase Agreements (PPAs) signed by the previous Government which required payments for capacity charges even when the plants involved were idle or unutilised.”

“Mr. Speaker, it has become very necessary for Government to consider a review of the energy sector levies. The Energy Sector Recovery Levy of 20 pesewas per litre on petrol/diesel under the ESLA is hereby submitted to this House for approval”.

The Minority has however kicked against the decision.

They argued that the taxpayer is already burdened by the effects of the COVID-19 pandemic and will be worse off with the introduction of the new taxes.

But the Effutu legislator in a Citi News interview justified the need for the levies.

According to him, they are needed for the efficient management of the economy.

“Look at the over GHS 21 billion that government had to give out to those who lost their investments and the social interventions the government had to give out to Ghanaians due to the COVID-19 pandemic and all these have to funded.”

ShareTweetSendSend
Previous Post

NLA to bring back live draws for 5/90 lotto on GTV from March 15 

Next Post

Alleged military officer arrested for robbery not our personnel – GAF

Related Posts

Politics

Addai-Nimoh declares intention to contest NPP flagbearership

February 1, 2023

Two Melcom branch managers arrested over VAT invoice

February 1, 2023
Top Stories

Mother, two daughters die in fire incident at Atwima Nwabiagya

February 1, 2023
Top Stories

Domelevo yet to receive emoluments 3yrs after his forced leave, removal

February 1, 2023
Top Stories

Debt Exchange Programme won’t limit tradability of old bonds – Senyo Hosi

February 1, 2023
Top Stories

Rent assistance beneficiaries will payback with 12% interest

February 1, 2023
Next Post

Alleged military officer arrested for robbery not our personnel - GAF

TOP STORIES

Intelligent Traffic Management System: Arbitration court throws out case against Ghana

February 1, 2023

Melcom’s Kasoa branch manager arrested over VAT invoice

February 1, 2023

Mother, two daughters die in fire incident at Atwima Nwabiagya

February 1, 2023
Load More
ADVERTISEMENT
Citinewsroom – Comprehensive News in Ghana

CitiNewsroom.com is Ghana's leading news website that delivers high quality innovative, alternative news that challenges the status quo.

Archives

Download App

Download

Download

  • About Us
  • Contact Us
  • Photo Gallery
  • Privacy Policy
  • Terms of Use
  • Citi TV

© 2021 All Rights Reserved Citi Newsroom.

No Result
View All Result
  • Home
  • News
  • Business
  • Sports
  • Showbiz
  • Coronavirus
  • Infographics
  • Livestream
  • Videos

© 2021 All Rights Reserved Citi Newsroom.

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT