Two new levies have been imposed on the good people of Ghana from the 2021 Budget Statement presented to Parliament on Friday, March 12, 2021.
The budget statement was read in Parliament by Hon. Kyei Mensah Bonsu, the caretaker minister for the Ministry of Finance.
Even though the budget had a lot of goodies spelled out in ot for many Ghanaians, some of it has also left a sour taste in many mouths.
Among them are two special levies which has shocked many Ghanaians and left tongues wagging. This has come about as a result of how the coronavirus pandemic has dealt the Ghanaian economy in relation to its debt management over the past one year.
Government through the 2021 budget has announced the introduction of a 1% COVID-19 levy on both the existing Flat Rate Scheme and the National Health Insurance Levy.
It is expected that the monies accrued from the levy will be used to fund government’s construction of new hospitals and also cater for the recruitment of more health workers.
Furthermore, the fund will support the mass vaccination program and also help alleviate some of the challenges arising from the impact of the COVID-19 pandemic on the economy.
Another surprise package from the 2021 budget is the imposition of a Sanitation and Pollution Levy which was announced by the caretaker Minister for Finance.
“To provide the requisite resources to address these challenges and fund these activities, Government is proposing a Sanitation and Pollution Levy (SPL) of 10 pesewas on the price per litre of petrol and diesel under the Energy Sector Levies Act (ESLA)” he noted.
This new levy according to Hon. Kyei Mensah Bonsu is being proposed to raise funds to manage the challenges associated with the country’s sanitation drive in keeping our cities clean of filth and pollution.