E-Levy To Be Reviewed from 1.5% to 1% Ken Ofori-Atta 2023 Budget Statement Presentation in Parliament.

E-Levy To Be Reviewed from 1.5% to 1% Ken Ofori-Atta 2023 Budget Statement Presentation in Parliament.

The Mnister of Finance, Mr Ken Ofori-Atta, today Thursday 24th November, 2022 among other economic strategies to redeem the country from its current economic situation has today presented the 2023 budget statement in Parliament.

Some of the key highlights include increase of 2.5% VAT while E-Levy rate will be reviewed from 1.5% to 1% with other thresholds.

To reduce heavy dependence on import products which gives tremendous pressure on the Ghana cedi, import products will be heavily taxed to enable the patronage of the locally made products.

Adding that, under the government's initiative of one-District-one-factory, a number of 296 projects have been completed and are on the various stages of implementation whiles 143 are under construction and 27 are in the pipeline.

Government will partner with the Graphic Communcation Group to produce locally made papers with the raw material coming from Asotwire.

Youstart job and skill project has been launch nationally as well as the district levels has also been launched to help the youth in the country under 40 years in job creation.

Source: Alrich24newsgh.com