Gov't emphasises relevance of mid-year tax measures

Government has emphasized that the tax measures it intends to introduce in the mid-year budget is crucial to improving revenue generation for the next half of 2018.

According to the Ministry of Finance, the measures are needed to maintain fiscal stability to enable government meet its expenditure projections for the rest of the year.

Finance Minister, Ken Ofori-Atta will later this month present a midyear budget to parliament to introduce new policy measures.

Deputy Minister in Charge of Revenue at the Ministry of Finance, Kweku 

Kwarteng hinted that the tax measures will ultimately boost private sector growth.

He explained that the tax measures will not burden the private sector but will help create fiscal space for government over a long period of time.

Mr. Kwarteng maintained that government is focused on moving away from a taxation economy to a production economy hence will only introduce tax measures that will ultimately stimulate growth and not burden the private sector.

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