2.5% VAT increment: Ablakwa questions Akufo-Addo's 'principle and integrity

The National Democratic Congress (NDC) Member of Parliament for North Tongu Constituency in the Volta Region has questioned the integrity of President Nana Addo Dankwa Akufo-Addo in the matter of increment in the Value Added Tax (VAT).
The government in its budget statement last Thursday, November 24, 2022, increased VAT by 2.5 per cent pushing the threshold for the payment of VAT to 15 per cent.
The Ranking Member on the Parliamentary Select Committee on Foreign Affairs, Mr Samuel Okudjeto-Ablakwa questioned the integrity of the president while speaking to the press after the finance minister, Ken Ofori-Atta, delivered the country’s fiscal policy statement for 2023 to the Legislature.
"I was shocked to hear the president increasing VAT at a time many countries are cushioning their citizenry," he said.
"This is a president who organized 'Kumepreko, Sieyenkpreko' among other demonstrations against the introduction of VAT in the early 1990s," the lawmaker highlighted.
"Where have principle and integrity run to? I am embarrassed by the legacy the president is leaving behind for the next generation," he further charged.
"How on earth will this man be increasing VAT at this crucial moment of our times when businesses are folding up because of the high cost of doing business in the country?" he questioned.
Source: Classfmonline.com/cecil Mensah
Trending News
Jasikan assembly, MP donate computers to Jasico Demonstration School to boost digital learning
20:40President Mahama launches Big Push infrastructure programme, promises it'll benefit all 16 regions
20:35C/R: Group raises alarm over illegal sand winning at Fetteh beach
12:24Minority slams government over US deportee deal, calls it unconstitutional
05:11Gov't appointments: Your time will come, says Asiedu Nketia to NDC members
20:31C/R: MCE leads “my first day at school” initiative in collaboration with MP and Education Directorate
16:16NPP elders form committee to monitor campaign conduct ahead of presidential primary
09:51Ken Agyapong emerges front-runner in NPP presidential race – Academic poll
19:12President Mahama identifies source of African democratic decline, offers hope
16:51GoldBod uncovers major gold smuggling syndicate involving Rafmoh Gold Ltd and NK Bernak Enterprise
15:40