talented kids talented kids talented kids
  • 3Sports
  • Home
  • MG Radio
3news
Advertisement
  • Home
  • News
  • Politics
  • Business
  • World
  • Showbiz
  • 3Sports
  • Lifestyle
  • Tilapia
  • MORE
    • Education
    • Features
    • Tech
    • Health
    • GMB
    • Mentor
    • Coronavirus
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • World
  • Showbiz
  • 3Sports
  • Lifestyle
  • Tilapia
  • MORE
    • Education
    • Features
    • Tech
    • Health
    • GMB
    • Mentor
    • Coronavirus
No Result
View All Result
3news
No Result
View All Result
Home Business

COVID tax better than loans – Okyem Aboagye

March 20, 2021
COVID tax better than loans – Okyem Aboagye

Former Member of Parliament for Bantama, Mr Daniel Okyem Aboagye has justified the introduction of new taxes in the budget statement for the 2021 fiscal year.

date rush date rush date rush

He believed that the introduction of the taxes is better than going for loans which future generations will have to pay.

His comments come after Bawku Central lawmaker Mahama Ayariga said it is unfair for the Akufo-Addo government to be taxing the people of Ghana over the impact of the coronavirus pandemic.

Mr Ayariga said while speaking on the Key Points Programme on TV3 Saturday March 20 that the freebies provided to Ghanaians during the peak of the Coronavirus pandemic were presented to the people as gifts, hence no one expected to pay for those giveaways again.

RelatedPosts

COVID-19: Prioritize health care spending – IMF to govts

April 12, 2021

Most Ghanaians want to pay taxes even though they don’t see the benefits- Afrobarometer

April 9, 2021

COVID-19: Lagging vaccination timetables in poor countries mars positive short-term outlook for global trade – Okonjo-Iweala

April 5, 2021

The government proposed in the 2021 budget statement which has since been approved by the legislature the introduction of a Covid-19 Health Levy of a one percentage point increase in the National Health Insurance Levy and a one percentage point increase in the VAT Flat Rate to support expenditures related to Covid-19.

“To provide the requisite resources to address these challenges and fund these activities, government is proposing the introduction of a Covid-19 Health Levy of a one percentage point increase in the National Health Insurance Levy and a one percentage point increase in the VAT Flat Rate to support expenditures related to Covid-19,” the budget said among other things.

Mr Ayariga told host of the Key Points Abena Tabi that “The taxes are unfair to Ghanaians. Because the relief packages were presented to us as gifts only to be told today that we are going to pay for them.”

He further stated that the solution to solving negative impact of the COVID on the economy is not increasing taxes, rather improving on the collection of the already exiting taxes.”

Mr Okyem Abogaye noted that the government could not have borrowed to deal with the ravages of the covid on the economy because that would have worsened the debt situation.

“To me it is matter of what we will to do as a nation. Do we want to borrow and put all the burden on future generation or do we have to try and support the government to be able to undertake its development agenda?” He asked.

By Laud Nartey|3news.com|Ghana

Previous Post

Lake Bosomtwe may shrink significantly by 2032 if. . . – German study

Next Post

France and Poland impose new lockdown measures

Related Posts

Business

COVID-19: Prioritize health care spending – IMF to govts

April 12, 2021
COVID tax better than loans – Okyem Aboagye
Business

Most Ghanaians want to pay taxes even though they don’t see the benefits- Afrobarometer

April 9, 2021
COVID-19: Lagging vaccination timetables in poor countries mars positive short-term outlook for global trade – Okonjo-Iweala
Business

COVID-19: Lagging vaccination timetables in poor countries mars positive short-term outlook for global trade – Okonjo-Iweala

April 5, 2021
Pastors warned to stay within covid-19 laws during Easter
Featured Story

Pastors warned to stay within covid-19 laws during Easter

March 30, 2021
GHS can’t confirm if there is fake COVID-19 vaccines in Ghana- Dr. Achiano
Major Top Story

GHS can’t confirm if there is fake COVID-19 vaccines in Ghana- Dr. Achiano

March 26, 2021
International spectators to be barred from entering Japan for Olympics
Sports

International spectators to be barred from entering Japan for Olympics

March 20, 2021
Next Post

France and Poland impose new lockdown measures

Discussion about this post

Stay Connected

  • 1.7M Fans
  • 229k Subscribers
Economic Dialogue Economic Dialogue Economic Dialogue
  • Trending
  • Comments
  • Latest
Shatta Bundle in trouble for allegedly defiling girl after party in Bole

Shatta Bundle in trouble for allegedly defiling girl after party in Bole

April 5, 2021
[Photos] See certs of outstanding Rasta student rejected by Achimota School

[Photos] See certs of outstanding Rasta student rejected by Achimota School

March 23, 2021
Girl killed by police chasing ‘unlicensed’ vehicle

Girl killed by police chasing ‘unlicensed’ vehicle

April 5, 2021
Intervene because this is against your Free SHS – 1st yr dreadlocked Achimota ‘student’ to Akufo-Addo

Achimota PTA justifies selective application of school rules on Caucasians

March 23, 2021

Over 700k vaccines dispensed in Ghana

April 12, 2021
Shatta Bundle in trouble for allegedly defiling girl after party in Bole

Shatta Bundle accused of charging GH¢8k to co-feature 15-yr-old ‘rape’ victim in music video

April 12, 2021
PNC leadership dismisses claims of misappropriation of party funds

PNC leadership dismisses claims of misappropriation of party funds

April 12, 2021

COVID-19: Prioritize health care spending – IMF to govts

April 12, 2021

Recent News

Over 700k vaccines dispensed in Ghana

April 12, 2021
Shatta Bundle in trouble for allegedly defiling girl after party in Bole

Shatta Bundle accused of charging GH¢8k to co-feature 15-yr-old ‘rape’ victim in music video

April 12, 2021
PNC leadership dismisses claims of misappropriation of party funds

PNC leadership dismisses claims of misappropriation of party funds

April 12, 2021

COVID-19: Prioritize health care spending – IMF to govts

April 12, 2021
3news

3news.com is the fastest growing news portal in Ghana. Get all breaking news updates, latest news headlines, local and world stories, showbiz, lifestyle etc.

Follow Us

Browse by Category

Recent News

Over 700k vaccines dispensed in Ghana

April 12, 2021
Shatta Bundle in trouble for allegedly defiling girl after party in Bole

Shatta Bundle accused of charging GH¢8k to co-feature 15-yr-old ‘rape’ victim in music video

April 12, 2021
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2021 Media General - Developed and managed by MG Digital.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • World
  • Showbiz
  • 3Sports
  • Lifestyle
  • Tilapia
  • MORE
    • Education
    • Features
    • Tech
    • Health
    • GMB
    • Mentor
    • Coronavirus

© 2021 Media General - Developed and managed by MG Digital.