Tag: recapitalization tax

  • More taxes: Bank of Ghana is broke, Ghanaians to pay for it – Sammy Gyamfi

    More taxes: Bank of Ghana is broke, Ghanaians to pay for it – Sammy Gyamfi

    National Communications Officer for the National Democratic Congress (NDC), Sammy Gyamfi has reiterated government’s intention to introduce what he describes as Bank of Ghana (BoG) recapitalization tax.

    An add-on to it’s about fifty taxes introduced since his assuming office in 2017.

    During an interview with TV3’s Captain Smart on Onua TV’s Maakye Show, he revealed that, government plans introduce a levy to aid the recapitalization of the Central Bank. Nobody he said would be excluded he added.

    “They will call it Bank of Ghana (BoG) recapitalization levy. They would add it to your VAT, everyone would be made to pay.

    As they have printed money and spent it recklessly among themselves, they are coming tax, trotro drivers, fisherfolks, among other informal sector workers to raise money to go fix their self induced mess” he noted.

    He went on to slam the government over the huge sum of money pumped into the new Bank of Ghana headquarters which is currently still under construction.

    Highlighting the incompetence of the incumbent government and the deteriorating value of the Ghana Cedi against the dollar, he jabbed that,

    “Amid this they have awarded a contract in dollars, $250 million when they are after people charging in dollars because they aren’t even confidence in their ability to sustain the dollar hence they have awarded a contract in dollars which is equivalent to GHS 3 billion” he added.

    He went on to express his frustration over the perceived misuse of public funds.

    “You just can’t make sense of this, its become so cheap, that everyone is dipping their hands into state coffers. So Akufo-Addo did you come to solve Ghana’s problems or you came to came to become a problem for Ghanaians to solve?

    What crime did we commit against these people(NPP)? where did we go wrong? I weep when I sit to read these documents. What Ghana is going through is a rape of our public purse.

    Sammy Gyamfi’s revelation is a reiteration of NDC’s Ato Forson’s claims about a year ago.

    It will be recalled that in 2023, the Minority Leader in Parliament, Dr. Cassiel Ato Forson during a press conference on August 9, 2023 announced government’s intention to introduce a new tax in addition to it’s about fifty since his assuming office in 2017.

    Colleagues, ladies and gentlemen of the media, fellow countrymen and women let me assure you that very soon Ghanaians would be made to pay for Bank of Ghana recapitalisation levy.

    A tax to recapitalise the central bank of Ghana. So as we speak the Central Bank has collapsed.