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Five bills Ghana’s 8th Parliament will review as it resumes after break

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Ghana’s Parliament will restart after an almost 2-month long break, a declaration released by the Public Affairs Department of Parliament has stated.

The 8th Parliament will begin its 2nd assembly of the first session on May 25, 2021, at 10:00 am with some of Bills expected to be submitted and considered by House.

These bills will be of keen interest to businesses and customers in Ghana.

They consist of the Ghana Standards Authority Bill, 2021, Exemptions Bill, 2021, Consumer Protection Bill, 2021, Petroleum Revenue Management (Amendment) Bill, 2021, Advertising Council Bill, 2021.

Already authorities has forced a wave of taxes as announced its 2021 budget statement. The taxes consist of the COVID-19 Health Recovery Levy Act, 2021 (Act 1068) which forces a one percent levy on the supply of products and services made in the country other than spared items or service.

The other is the Financial Sector Recovery Levy Act, 2021 (Act 1067) which imposes a 5 percent levy on the income before tax of banks.

Among the taxes imposed is the Energy Sector Levy (Amendment) Act, 2021 (Act 1064) which imposes an Energy Sector Recovery Levy of GH¢20 pesewas per litre of petrol/diesel and 18 pesewas per kg on Liquefied Petroleum Gas (LPG) and a Sanitation and Pollution Levy of GH¢10 pesewas per litre of petrol and diesel respectively.

 

 

 

Source:1familyradio.com

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