Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Ghana's parliament votes down 2022 budget over electronic tax

11/27/2021 | 02:30am EST

ACCRA (Reuters) - Ghana's parliament late on Friday rejected the proposed 2022 budget because of concerns about a tax on electronic transactions including mobile money payments.

The 1.75% levy was proposed by Finance Minister Ken Ofori-Atta last week in an attempt to widen the tax net and rope in the informal sector. It elicited groans from lawmakers when it was announced.

The vote on the budget for one of West Africa's largest economies occurred after the ruling party walked out in protest because the house speaker said that Ofori-Atta should not be present during the vote.

In their absence, the budget was easily voted down by the opposition, although it would have faced tough resistance had the ruling party been in attendance.

(Reporting by Christian Akorlie in Accra; Writing by Edward McAllister; Editing by Matthew Lewis)


ę Reuters 2021
Latest news "Economy & Forex"
05:56pUK lawmaker says she was sacked from ministerial job for her 'Muslimness'
RE
05:49pUK accuses Kremlin of trying to install pro-Russian leader in Ukraine
RE
05:47pNew Zealand to impose restrictions after Omicron community spread
RE
05:46pBitcoin falls again, last down 4%
RE
05:35pUK accuses Kremlin of trying to install pro-Russian leader in Ukraine
RE
05:13p'Another crime' say survivors of coalition strikes on Yemeni detention centre
RE
05:11pGerman navy chief resigns over Putin comments
RE
05:07pArizona Democratic Party formally censures Sinema
RE
04:46pGerman navy chief resigns over Putin comments
RE
04:45pGhana blast leaves survivors with cuts and questions
RE
Latest news "Economy & Forex"