No new taxes introduced in 2023 mid-year budget review

The government has listened to the calls of Ghanaians not to introduce new taxes in its 2023 Mid-Year Budget Review.

Presenting the budget review statement at parliament on Monday, July 31, 2023, Finance Minister Ken Ofori-Atta announced that the government was not going to introduce new taxes.

He added that because the government is committed to staying within its budgeted expenditure for the year it would not ask for a supplementary budget for 2023.

“This Mid-Year Fiscal Policy Review has outlined the strategy for re-aligning our Programme to sustain our progress to stability.

“We have not asked for additional funding. We have not asked for new tax measures. We have committed to stay within appropriation and be even more efficient in mobilising resources and managing expenditure,” Ofori-Atta said.

Prior to the presentation of the mid-year budget review statement, many Ghanaians including experts urged the Nana Addo Dankwa Akufo-Addogovernment not to introduce new taxes; warning it might have disastrous consequences on businesses and the livelihood of ordinary Ghanaians.