Parliament has passed a series of revenue bills to fund the 2024 budget, despite opposition from minority parties and civil society groups. The bills are expected to generate an additional GHS 5 billion in revenue.
Key provisions include:
- 2.5% increase in VAT flat rate
- Revision of import duties on certain goods
- Electronic transaction levy improvements
- Luxury vehicle tax increases
The Majority Leader argued that these measures are necessary to fund critical programs including free SHS, infrastructure, and public sector wages.
