The three new taxes passed by Parliament in March 2023 have been signed into law by President Nana Addo Dankwa Akufo-Addo.
In an interview with Citi News, Information Minister Kojo Oppong Nkrumah confirmed this.
Parliament passed the Excise Duty Amendment Bill 2022, the Growth and Sustainability Levy Bill 2022, the Ghana Revenue Authority Bill 2022, and the Income Tax Amendment Bill 2022 on Friday, March 31.
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The Information Minister confirmed the development, stating that the bills had been returned to the Clerk of Parliament for the final processes to be completed.
“From there, there will be the necessary transmittals before the Ghana Revenue Authority can commence implementation.”
The financial bills seek to raise about 4 billion Ghana Cedis annually as part of domestic revenue mobilisation.
The bills are also crucial to aid the government’s quest to facilitate the Board Approval for the $3 billion International Monetary Fund (IMF) Programme staff-level agreement.
The Minority in Parliament earlier communicated its opposition to the bills, but the bills were passed despite an MP from the majority suffering a near-fatal accident on his way to the House.
