2018 Mid-year Budget:
The Minister of Finance Ken Ofori-Atta was in Parliament to present a mid-year review of the 2018 budget today (Thursday).
According to the Finance Minister it is clear that government is not collecting as much taxes as it should.
To solve this problem, government instead of resorting to the imposition of many taxes, has brought out four measures:
1- ensure compliance with existing tax laws,
2- plug the leakages in the existing system,
3- ensure value-for-money for the expenditures that government undertakes and
4- ensure that the wealthy also pay their fair share.