The Eighth Parliament of Ghana will resume today, Tuesday, June 6, for the second meeting of the third session of the Ghanaian Parliament after a two-month break.
In March 2023, after passing three bills intended to increase Ghana’s domestic income mobilization, the House adjourned sine die for the Easter celebrations.
Among the bills expected to be passed are the Revenue Administration Regulations, 2023; the Customs Amendment Act; the Income Tax Amendment Regulations; the VAT Amendment Regulations; and the Insurance Regulations, 2023.
Some analysts have predicted an unfavorable tax regime for Ghanaian businesses and households in response to fiscal restrictions agreed with the International Monetary Fund.
The Fund approved Ghana’s bailout package in May 2023 and subsequently remitted the first tranche of 600 million in the same period.