Minority Leader Criticizes $350M Tax Exemptions, Questions Urgency of Parliamentary Recall

The Minority Leader, Dr Cassiel Ato Forson, has expressed dissatisfaction with the NPP Majority for triggering a recall of Parliament to fast-track and redirect tax incentives to their businesses.

According to the Ajumako-Enyan-Esiam MP, these are bread-and-butter issues that should concern any serious government, not a giveaway of much-needed tax revenues.

He voiced these concerns during his opening address on Tuesday, September 3, 2024, before the commencement of the extraordinary meeting of Parliament.

The Minority Leader explained that the recall comes barely 95 days before the 2024 presidential and parliamentary elections saying it was, triggered by the NPP Majority to expedite tax incentives for their businesses.

“Rt. Hon. Speaker, giving away tax exemptions over three hundred and fifty million dollars is not an urgent issue that should warrant a recall. Ghana’s economy is bleeding, and the cost of living is high, and the Ghanaian can simply not make ends meet,” he lamented.

“Mr. Speaker, let me state without any equivocation that the NDC Minority has not changed our position on these tax exemptions. We have always maintained that these tax exemptions are not in the interest of the ordinary Ghanaian.”

Their position remains that these tax exemptions should be converted into tax credits or otherwise linked to equity shares as stipulated in the tax exemptions law.

Dr Forson further stated that the Minority will not endorse the allocation of three hundred and fifty million dollars to businesses in an opaque and non-transparent fashion.

Source:newsalertgh.com