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Tuesday, November 19, 2019
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Ken Ofori-Atta is a dishonest Minister-Randy Abbey

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Popular Television Morning Show host of Accra-based Metro TV, Mr Randy Abbey has vent his anger on the Minister of Finance, Hon. Ken Ofori-Atta for lying to Ghanaians under oath that there will not be any increase in Value Added Tax (VAT) which is not the case now.

According to him, Minister of Finance, Ken Ofori-Atta emphatically told Parliament that there will not be any increase in Value Added Tax (VAT) contrary to speculations.

The popular Television Morning Show host of Accra-based Metro TV, Mr Randy Abbey vent his anger on the Minister of Finance, Hon. Ken Ofori-Atta during his Good Morning show on Friday, 19 October, 2018.

But presenting the Budget Mid-Year Review in Parliament on Thursday July 19, 2018 Mr Ofori-Atta stated in plain terms that there will not be any increase in VAT and urged the opposition to “stop taking directions on economic policies from social media”.

“Mr Speaker, last year we abolished numerous taxes. The scale of tax reductions had never been implemented in the 60 years of Ghana’s economic history since independence. The evidence shows that the economy has responded positively to these tax cuts. What is also clear to us Mr Speaker is that we are not collecting as much as we should.

“The solution to this problem, however, is not necessarily, imposition of many taxes, we must first make sure that we ensure compliance with existing tax laws, plug the leakages in the existing system, ensure value-for-money for the expenditures that government undertakes and ensure Mr Speaker, that the wealthy also pay their fair share. Me Speaker, any taxes should be to elicit socially desirable outcomes such as a better environment in this regard.

“I’ll like to inform the house Mr Speaker that there will be no increase in VAT”, Mr Ofori-Atta emphasized.

The above statement is what Mr. Randy Abbey describes as dishonest on the part of the finance minister and the government now that tariffs charged by telecommunications networks, AirtelTigo, MTN and Vodafone, for the use of their services will be reviewed upwards on November 1.

According to a statement issued by the Ghana Chamber of Telecommunications on behalf of its members – AirtelTigo, MTN and Vodafone – the review follows the amendments of the Acts referenced above in the 2018 mid-year budget review.

The statement said the networks will pass on the cost of the new levies to their consumers which will result in the increase of the cost of telecommunication services.

“The objective was to “give effect to the conversion of NHIL and GETFL into levies that are not subject to the input-output mechanism, and delinking them from VAT by removing the option of input tax deductibility,” thereby giving both levies a unique and different legal identity and distinguished from VAT,” the statement signed by the CEO of the Ghana Chamber of Telecommunications, Kenneth Ashigbey said

Read below the entire statement

The Ghana Chamber of Telecommunications on behalf of its members – AirtelTigo, MTN and Vodafone – wishes to notify its esteemed customers and the general public of tariff modifications following the implementation of the new tax laws.

The government as part of the 2018 mid-year review of the budget amended the Acts referenced above.

The objective was to “give effect to the conversion of NHIL and GETFL into levies that are not subject to the input-output mechanism, and delinking them from VAT by removing the option of input tax deductibility,” thereby giving both levies a unique and different legal identity and distinguished from VAT.

Our members, who are responsible corporate entities, would comply fully with Ghana’s laws and ensure the distinction between VAT and the new levies emanating from their separate origins and basis in law. As intended the incidence of the two new levies will thus be on consumers and will result in the increase of the cost of telecommunication services.

Customers of telecommunication services will be notified by their service providers prior to any changes being made and the expected changes will take effect on 1st of November 2018.

The telecommunications industry remains committed to full transparency and accountability to both the Government of Ghana and their customers.

Source: tnpnewsonline.com/ Samuel Appah-Peniel

 

 

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