The Ghana Federation of Labour has expressed reservations about the government’s newly proposed taxes outlined in the 2021 Budget Statement and Economic Policy.
The government in delivering the 2021 budget announced the government’s proposal of introducing six new taxes.
These taxes include a COVID-19 Health Levy; 1% increase in National Health Insurance Levy and 1% increase in flat VAT rate as well as a 30 pesewas increase in fuel prices to take care of excess power capacity charges [20 pesewas] and Sanitation and Pollution Levy [10%].
The Federation in a statement signed by its Secretary-General, Abraham Koomson said the new taxes will “affect the living standards of workers.”
It has therefore asked the Minister of Finance to convene an emergency Tripartite Committee meeting to address the fallout of the approved budget.
