• About
  • Advertise
  • Privacy Policy
  • Contact
Wednesday, July 9, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

We Lost The Crucial VAT Vote By A Narrow Margin- Ablakwa

December 22, 2022
Stephen M.Cby Stephen M.C
in General News
0
Member of Parliament for North Tongu, Samuel Okudzeto Ablakwa, has disclosed that variations of haircuts are being implemented in multiple sectors in the country.

Ranking Member of Parliament's Foreign Affairs Committee, Samuel Okudzeto Ablakwa.

Member of Parliament for North Tongu, Samuel Okudzeto Ablakwa, has lamented the inability of the minority in parliament to deliver on its promise in chucking out the introduction of VAT in the country.

According to him, he is disappointed with the minority’s failure to kick against the approval of the tax component. That notwithstanding, he indicated that the minority is determined and poised, “with a high dose of patriotism and unquestionable integrity” to construct the country Ghanaians desire.

“Objectively and sincerely, despite an unwavering determination of the NDC Parliamentary Caucus to achieve all we set out to accomplish in solidarity with suffering Ghanaians, we lost the crucial VAT vote by a narrow 136-135. This is the only item on our 8-Point Must-Win-Agenda which we failed to deliver, and for which we are deeply pained. We did our very best but as they say, it’s always difficult to win everything. Nevertheless, we live to fight another day.”

Samuel Okudzeto Ablakwa

Providing a summary of the minority’s successes on the 2023 budget approvals, Mr Ablakwa stated that items such as GHS1.3billion (€116million) Accra International Conference Centre Demolition and Redevelopment plans were scuttled and projections to establish new diplomatic missions in Jamaica, Mexico and Trinidad & Tobago shot down.

RelatedPosts

Every NDC Member Is Better Off Today – Gbande

Ghana Moves to Overhaul Scholarship Regime with New Bill

Ghana Slammed for UN LGBTQ Vote Abstention

Additionally, he stated that the GHS80 million “sleazy” allocation to President Akufo-Addo’s Cathedral was defeated and expunged from the Appropriation Act, while the GHS1.4 billion “mind-boggling’ request for the infamous Contingency Vote cut drastically to GHS533 million.

The North Tongu legislator further noted that the “anti-poor” proposal to remove the e-Levy threshold was defeated even as the parliament saw to the scrapping of a colossal GHS27.5 million allocation to the “wasteful and amorphous” Special Development Initiatives Secretariat and the needless Monitoring and Evaluation Secretariat all at the Office of the President.

Parliament decides on budget 2023

Among other things, the two Secretariats have therefore been virtually collapsed coupled with the defeat of the “repugnant tax measure” intended to compel drivers, particularly commercial drivers to produce tax clearance certificates as a requirement for renewing driver’s license.

Prior to this, Mr Ablakwa taking to his Facebook page stated that the NDC MPs blocked proposals by government to open new embassies abroad. Justifying his stance, he insisted that a “broke Ghana must know its priorities”.

It will be recalled that the Finance Minister, Ken Ofori Atta, in presenting the 2023 Budget in November announced government’s decision to increase the Value Added Tax (VAT) by 2.5 percent. This has moved the tax policy from its current percentage of 12.5 per cent to 15 per cent.

According to him, the review is to directly support road construction projects and the digitization agenda. Contrarily, the Minority opposed the introduction of an additional VAT rate, arguing that it will exacerbate the hardship of Ghanaians.

Nonetheless, debating the issue on the floor of Parliament, the Chairman of the Finance Committee, Kwaku Kwarteng, touted the tax measure as key in turning around the fortunes of the economy. He stated that the reason of the Minority’s opposition has been considered and incorporated under paragraph 6.3 of the committee’s report.

Mr Kwarteng indicated that the recommendation by the committee was a majority decision. On the minority side, Dr. Cassiel Ato Forson described the revenue measure as one which will worsen the plight of Ghanaians and is not needed during this period of economic hardship.

READ ALSO: We Are Preparing To Engage NDC In A Battle Of Ideas- NPP Communications Director

Tags: Appropriation BillGhana NewsminorityParliamentVAT
Please login to join discussion
Previous Post

Aquaculture Subsector Beseechs FC For Residue Monitoring and Bio-certification

Next Post

KNUST: TEIN Demands Review Of Public University Fees

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.

Related Posts

Mass Jail Sentences Deepen Tunisia’s Political Crisis
Africa

Mass Jail Sentences Deepen Tunisia’s Political Crisis

July 9, 2025
Mustapha Gbande, Party, President.
General News

Every NDC Member Is Better Off Today – Gbande

July 9, 2025
Deadly Rush Confirms Fears About Gaza Humanitarian Foundation
Asia

Mass Casualty Incidents Besmirch Gaza’s Aid Struggle

July 9, 2025
GoldBod CEO Champions Value Addition in Mining
Extractives/Energy

Ghana Poised to Reap Big from Soaring Gold Prices

July 9, 2025
Hon. Haruna Iddrisu, Ghana's Minister for Education
General News

Ghana Moves to Overhaul Scholarship Regime with New Bill

July 9, 2025
LGBTQ concerns in Ghana
General News

Ghana Slammed for UN LGBTQ Vote Abstention

July 9, 2025
Mass Jail Sentences Deepen Tunisia’s Political Crisis
Africa

Mass Jail Sentences Deepen Tunisia’s Political Crisis

by Lawrence AnkutseJuly 9, 2025
Mustapha Gbande, Party, President.
General News

Every NDC Member Is Better Off Today – Gbande

by Silas Kafui AssemJuly 9, 2025
Deadly Rush Confirms Fears About Gaza Humanitarian Foundation
Asia

Mass Casualty Incidents Besmirch Gaza’s Aid Struggle

by Comfort AmpomaaJuly 9, 2025
GoldBod CEO Champions Value Addition in Mining
Extractives/Energy

Ghana Poised to Reap Big from Soaring Gold Prices

by Prince AgyapongJuly 9, 2025
Hon. Haruna Iddrisu, Ghana's Minister for Education
General News

Ghana Moves to Overhaul Scholarship Regime with New Bill

by Evans Junior OwuJuly 9, 2025
LGBTQ concerns in Ghana
General News

Ghana Slammed for UN LGBTQ Vote Abstention

by Lilian AhedorJuly 9, 2025
Mass Jail Sentences Deepen Tunisia’s Political Crisis
Mustapha Gbande, Party, President.
Deadly Rush Confirms Fears About Gaza Humanitarian Foundation
GoldBod CEO Champions Value Addition in Mining
Hon. Haruna Iddrisu, Ghana's Minister for Education
LGBTQ concerns in Ghana
[/vc_row_inner]

Recent News

  • Mass Jail Sentences Deepen Tunisia’s Political Crisis
  • Every NDC Member Is Better Off Today – Gbande
  • Mass Casualty Incidents Besmirch Gaza’s Aid Struggle
  • Ghana Poised to Reap Big from Soaring Gold Prices
  • Ghana Moves to Overhaul Scholarship Regime with New Bill
The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.