The Finance Minister, Ken Ofori-Atta, has urged Parliament to move quickly on passing some revenue bills before the house in order to aid efforts to secure a $3 billion loan from the International Monetary Fund (IMF).
Among the bills are the Excise Tax Stamp and Excise Duty Amendment Bills, the Income Tax Amendment Bill, and the Growth and Sustainability Levy Bill.
In a briefing to Parliament on the DDEP, Ken Ofori-Atta expressed optimism that the bills would improve domestic revenue mobilisation.
“Mr. Speaker, all these efforts would be greatly enhanced if the Income Tax (Amendment) Bill, Excise Duty & Excise Tax Stamp (Amendment) Bills as well as the Growth and Sustainability Levy Bill, which are outstanding in this august House could be prioritized and passed.
“Mr. Speaker, the passage of these Bills will enable the Government to complete four (4) of five (5) agreed Prior Actions in the Staff Level Agreement since Tariff adjustment by the PURC, Publication of the Auditor-General’s Report on COVID-19 Spending, and Onboarding of GETFUND, DACF and Road Fund on the GIFMIS have all been completed,” the Finance Minister said.
