The much anticipated 2020 Budget which will be laid before Parliament Wednesday is expected to be heavy on tax reforms meant to create the platform to further enhance private sector growth.
As a result, the budget will review the whole tax structure to create the right environment for players within the private sector to thrive and create the needed jobs for the masses.
The budget, the fourth under President Akufu-Addo since he assumed office will seek to consolidate gains made in last year’s by his government.
A source close to the Finance Ministry explained that the era where tax reforms were carried out in bits is over because the style did not yield the expected results.
Subsequently, the new direction will help government meet its objective of providing an improved environment for the private sector.
The budget statement will also see a revision of the current tax exemptions , a regime which has cost the country about ten billion cedis per annum averagely in the last few years.
