President Akufo-Addo has assented to the three revenue bills recently passed by Parliament, the Minister of Information Kojo Oppong Nkrumah has said.
Parliament last month passed three revenue bills namely the Income Tax (Amendment) Bill, the Excise Duty and Excise Tax Stamp (Amendment) Bill, and the Growth and Sustainability Levy Bill.
The bills were given the green light after a majority decision of 137-136 on Friday 31 March 2023. Government is seeking to generate approximately GHC4 billion a year to supplement domestic revenue following the passage of the three bills.
Opong Nkrumah said the bills have been returned to the Clerk of Parliament for the final processes to be completed.
“From there, there will be the necessary transmittals before the Ghana Revenue Authority can commence implementation,” he said.
