Nana and Bawumia are known to be politician of no tax syndrome, due to the verbose nature on talking about Tax in the country.
prior to the 2016 election, Bawumia criticized the then government vehemently on tax, same to the president of the republic, Nana addo. but they are practicing worse when they assume power.
A)New taxes introduced by the Akufo-Addo/Bawumia/NPP government during their first term (2017-2020) which Ghanaians are paying till date:
1. 3% VAT FLAT RATE
2. 5% increase in VAT by making the GETFUND levy and NHIL straight taxes.
3. 5% National Fiscal Stabilization levy (extended beyond expiry date of 2017)
4. 2% Special import levy (extended beyond expiry date of 2017)
B) First term (2017-2020) taxes that were imposed on Ghanaians, collected and later withdrawn:
5. Luxury vehicle tax (GHS1000 to GHS2,500 depending on engine capacity of vehicle)
6. 50% increase in Communication Service Tax (CST)
C) New taxes introduced in 2021 by the wicked Akufo-Addo/Bawumia/NPP government:
7. 1% COVID-19 health recovery levy on the 3% VAT flat rate, making it 4% now.
8. 1% COVID-19 health recovery levy on the 2.5% National Health insurance levy, making it 3.5% now.
9. 5% financial sector clean-up recovery levy.
D) NEW TAXES IMPOSED ON FUEL PRICES in 2021
10. 20 pesewas Energy Sector Recovery Levy on every liter of diesel and petrol
11. 10 pesewas Sanitation levy (“Borla”) tax on every liter of diesel and petrol 12. 18 pesewas energy sector recovery levy on every kilogram of LPG
E) INCREASES IN EXISTING TAXES/LEVIES ON FUEL PRICES FROM 2017 TO DATE:
13. 30% increase in Energy Sector levies (ESLA), extended beyond its original duration of 5 years to now 15 years.
14. About 11% increase in Special Petroleum Tax (from 41 pesewas to 46 pesewas) on every liter of diesel and petrol.
15. 200% increase in BOST MARGIN from 3% to 9%.
16. 67% increase in Fuel Marking Margin (from 3 pesewas to 5 pesewas) per liter of petrol and diesel.
17. 40% increase in Price Stabilization and Recovery Levy on fuel products (from 10 pesewas & 12 pesewas on petrol and diesel respectively, to 14 pesewas and 16 pesewas on diesel and petrol respectively)
18. 25% increase in Primary Distribution margin from 8 pesewas to 10 pesewas.
19. 36% increase in Unified Petroleum Price Fund (UPPF) from 22 pesewas to 30 pesewas.
20. Increase in Road Fund Levy from 46 pesewas to 48 pesewas on every liter of diesel and petrol.
F) NEW KILLER TAXES IN THE 2022 “AWUDIE” BUDGET
21. Bawumia (Digital) Tax of 1.75% on all electronic transactions. This includes:
a 1.75% Momo Tax
a 1.75% Bank Transfer Tax and
a 1.75% Inward remittance (“Borga”) Tax.
22. 15% increase in fees and charges of government.
This affects all fees paid for government services including:
* Company Registration at Registrar General’s Department
* Passport fees at the Passport office
* Food and Drugs Authority certificate fees
* Government Hospitals Fees
* Energy Commission fees
* Public University fees
* DVLA fees (road worthy fees, drivers license fees etc.)
* Immigration fees (work permits, residential permit fees)
* NCA fees
* EPA fees
* NPA fees
* Birth and Death Registry fees
* Airport fees etc.
NB: All these fees will go up by 15% upon the approval of the 2022 “Awudie” budget by Parliament.
23. Reversal of 50% and 30% benchmark value discounts on 42 categories of imported goods and vehicles respectively.
This simply means that the prices of: vehicles, pharmaceuticals including condoms, sugar, rice, aluminum roofing sheets, toilet paper, facial tissue and towel, chocolate, palm oil, mosquito coils, ceramic tiles, aluminum products, Portland cement, cement paper, clinker, matchet, boxes of paper, water and soft drinks, fruit juices, tomato paste, Ketchup, furniture, toilet soap, laundry bar soap, lubricating oil, alcoholic beverages, biscuits, pasta, spaghetti, noodles, macaroni, indomie, animal products, textile and textile articles, electrical machinery and equipment among others; will go up between 20% to 30% in the coming days.
