The 3 new tax bills has been assented to by President – Oppong Nkrumah

The three additional taxes that were approved by Parliament in March 2023 have been signed into law by President Nana Addo Dankwa Akufo-Addo.

Kojo Oppong Nkrumah, the information minister, reaffirmed this in an interview.

The Growth and Sustainability Levy Bill, 2022, the Ghana Revenue Authority Bill, 2022, and the Income Tax Amendment Bill, 2022 were all passed by Parliament on Friday, March 30.

The Information Minister confirmed the development and said that the bills have subsequently been sent back to the Clerk of Parliament for the completion of the last steps.

“From there, there will be the necessary transmittals before the Ghana Revenue Authority can commence implementation.”

The financial bills seek to raise about 4 billion Ghana Cedis annually as part of domestic revenue mobilisation.

The bills are also crucial to aid the government’s quest to facilitate the Board Approval for the $3 billion International Monetary Fund (IMF) Programme staff-level agreement.

The Minority in Parliament earlier communicated its opposition to the bills, but the bills were passed despite an MP from the majority suffering a near-fatal accident on his way to the House.