The Minority in Parliament has declared its firm opposition to the government’s proposal to increase the Growth and Sustainability Levy from 1% to 3%, as outlined in the 2025 budget by Finance Minister Dr. Cassiel Ato Forson.

During a parliamentary debate on March 21, Deputy Minority Whip Habib Iddrisu reaffirmed his side’s stance, making it clear that they will vote against the increase.

"If you look at Standard Order 6, it is clear there that you should make provisions for the Business Statement. For instance, this your Growth and Sustainability Levy, it is something we will not support. Definitely, you cannot be taxing people excessive tax in the mining sector, which is the engine for growth and you want us to support it? These are some of the issues that we are definitely not going to support," he stated.

Beyond the levy, the Minority is also pushing for full disclosure regarding financial institutions involved in the upcoming briefing by the Governor of the Bank of Ghana.

The Deputy Minority Whip warned that with several collapsed banks still challenging the revocation of their licenses in court, Parliament must exercise caution in its discussions on the matter.

The Ghana Chamber of Mines has already petitioned Parliament’s Finance Committee, urging lawmakers to reconsider the proposed hike, arguing that it could have adverse effects on businesses, particularly in the mining sector.