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30th March 2023 4:17:17 PM
1 min readBy: Chris Kodo

Dr. Abdallah Ali-Nakyea, a tax expert and consultant, believes that certain charges in Ghana should be eliminated.
According to him, the economy is badly impacted by the ongoing implementation of levies.
Dr. Ali-Nakyea raised alarm about the country's rate of new tax introductions every other time in a radio interview with Citi FM on Thursday, March 30, 2023, saying it was troublesome.
According to him, high taxes lead to circumstances that have an impact on both employment and productivity.
He claimed that the government should reduce spending rather than putting so much emphasis on tax introduction.
For Dr Ali-Nakyea, government should not be too motivated in introducing more taxes as part of a move to appear good in the eyes of the International Monetary Fund (IMF).
Three bills namely the Income Tax Amendment Act, the Excise Duty Amendment Act, and the Growth and Sustainability Act are currently before Parliament, with the government hoping to generate approximately GH¢4 billion per year if the bills pass.
The government fears failing to pass the new tax bills on Friday will jeopardize Ghana's chances of a quick economic recovery and board approval for an IMF bailout (IMF).
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