President Nana Akufo-Addo will today address the nation on his first three months in office. The President and his Cabinet over the weekend met to review their performance in the last 90 days in office and the way forward.
Citi News understands that one issue that dominated discussion was the increasing spate of illegal mining also known as Galamsey and the lawless activities of a vigilante group affiliated with the New Patriotic Party (NPP)“Delta Force”.
The President at the retreat tasked the Interior, National Security and Defence Ministers to deal with the group by using the law, to serve as a deterrent.
Issues that have emerged during Nana Addo’s 100 days Issues Ghanaians have raised concerns about since the President took over the helm of affairs include the attacks by vigilante groups believed to be associated with the NPP, the appointment of some 110 Ministers to serve under the NPP government and the Galamsey menace which has reportedly led to the destruction of natural resources. What has Nana Addo done so far?
The President has already started implementing some promises made ahead of the general elections.These include the abolition and review of key taxes which mostly affects businesses in the aviation, finance and real estate industries.
The Finance Minister, Ken Ofori Atta while delivering the State of the Nation Address in March, outlined the taxes that government had either reviewed or abolished as listed below:
– Abolished – 1 percent Special Import Levy;
– 17.5 percent VAT/NHIL on financial services;
– 17.5 percent VAT/NHIL on selected imported medicines, that are not produced locally;
Citi News understands that one issue that dominated discussion was the increasing spate of illegal mining also known as Galamsey and the lawless activities of a vigilante group affiliated with the New Patriotic Party (NPP)“Delta Force”.
The President at the retreat tasked the Interior, National Security and Defence Ministers to deal with the group by using the law, to serve as a deterrent.
Issues that have emerged during Nana Addo’s 100 days Issues Ghanaians have raised concerns about since the President took over the helm of affairs include the attacks by vigilante groups believed to be associated with the NPP, the appointment of some 110 Ministers to serve under the NPP government and the Galamsey menace which has reportedly led to the destruction of natural resources. What has Nana Addo done so far?
The President has already started implementing some promises made ahead of the general elections.These include the abolition and review of key taxes which mostly affects businesses in the aviation, finance and real estate industries.
The Finance Minister, Ken Ofori Atta while delivering the State of the Nation Address in March, outlined the taxes that government had either reviewed or abolished as listed below:
– Abolished – 1 percent Special Import Levy;
– 17.5 percent VAT/NHIL on financial services;
– 17.5 percent VAT/NHIL on selected imported medicines, that are not produced locally;
– Initiate steps to remove import duties on raw materials and machinery for production within the context of the ECOWAS Common External Tariff (CET) Protocol;
– 17.5 percent VAT/NHIL on domestic airline tickets;
– 5 percent VAT/NHIL on Real Estate sales; – Excise duty on petroleum; – Special petroleum tax rate from 17.5 percent to 15 percent;
– Duty on the importation of spare parts; – Levies imposed on kayayei by local authorities;
– Taxation, the gains from realisation of securities listed on the Ghana Stock Exchange or publicly held securities approved by the Securities and Exchange Commission (SEC); Reviewed
– Reduce National Electrification Scheme Levy from 5 percent to 3 percent; – Reduce Public Lighting Levy from 5 percent to 2 percent;
– Replace the 17.5 VAT/NHIL rate with a flat rate of 3 percent for traders; and
– Implement tax credits and other incentives for businesses that hire younggraduates.
– 17.5 percent VAT/NHIL on domestic airline tickets;
– 5 percent VAT/NHIL on Real Estate sales; – Excise duty on petroleum; – Special petroleum tax rate from 17.5 percent to 15 percent;
– Duty on the importation of spare parts; – Levies imposed on kayayei by local authorities;
– Taxation, the gains from realisation of securities listed on the Ghana Stock Exchange or publicly held securities approved by the Securities and Exchange Commission (SEC); Reviewed
– Reduce National Electrification Scheme Levy from 5 percent to 3 percent; – Reduce Public Lighting Levy from 5 percent to 2 percent;
– Replace the 17.5 VAT/NHIL rate with a flat rate of 3 percent for traders; and
– Implement tax credits and other incentives for businesses that hire younggraduates.
