Since then, the Ghana Revenue Authority Bill 2022, the Growth and Sustainability Levy Bill 2022, the Excise Duty Amendment Bill 2022, and the Income Tax Amendment Bill 2022 have all been approved by parliament.
The laws are essential in helping the government hasten the board’s approval of the $3 billion staff-level agreement for the International Monetary Fund (IMF) Program.
The minority in Parliament had previously expressed opposition to the legislation.
A bold declaration to the government that it cannot be careless with its spending and expect Ghanaians to foot the tab was made by the minority member George Ricketts-Hagan.
The Public Utilities Regulatory Commission’s (PURC) tariff adjustment, the publication of the Auditor-Report General’s on COVID-19 spending, and the onboarding of the Ghana Education Trust Fund (GETFund), District Assemblies Common Fund (DACF), and Road Fund on Ghana’s integrated financial management information system are all actions taken by the government to comply with the IMF’s requirements in order to be eligible for a bailout (GIFMIS).