The 2023 budget statement, which was given by the minister of finance, Ken Ofori-Atta, will be the subject of debate among members of parliament (MPs) starting on Tuesday, November 29, 2022.
The introduction of a 2.5% VAT and plans to examine the 1.5% electronic charge have already sparked public debates about certain budgetary provisions.
The new tax law has been challenged by businesses, and the reduction of the transaction threshold has drawn criticism from mobile money users.
The Deputy Majority Leader, describing how the debate would proceed, indicated that “on November 29, 2022, it’s expected that the debate will focus on Finance, Agriculture, Trade and Industry, and Wednesday Communications, Energy, Roads, Works, Housing, Sanitation and Environment and Thursday, December 1, it will be Health, Youth and Sports, Education, Tourism, Culture and Chieftaincy.”
The Finance Minister, Ken Ofori- Atta on November 24, 2022, presented the 2023 budget statement in Parliament.
During his presentation, Mr Ofori-Atta announced some measures to reduce public expenditure in 2023
Among other things, the government has banned public officials from using V8s/V6s for cross-country travel.
Ken Ofori-Atta also announced a hiring freeze for civil and public servants and suspended non-critical projects.
Source: The Independent Ghana