Perhaps dazed by the brilliant policies outlined by the Minister of Finance, Kenneth Ofori Atta, in the budget read yesterday, the opposition National Democratic Congress has been singing discordant tunes in their assessment of the components of the budget.
Whilst Former NDC MP for Ablekuma Central lauded government on its plans to remove import duties on automobile spare parts to help reduce prices of vehicle spare parts in the country, the former Finance Minister, Seth Terkper, is warning of dire repercussions on the economy following the reduction of taxes by the Akufo-Add led government.
According to Theophilus Tetteh Chaie, the tax cuts would bring relief to dealers of spare parts especially in his constituency whose businesses were near collapse.
The former NDC MP on Asempa FM’s ‘Ekosii’ Sen programme yesterday afternoon commended government for the human-friendly policies.
He indicated that the abolishment of the taxes meant buyers of automobile parts would enjoy relief on vehicle spare parts and also commended government for abolishing taxes on aviation fuel.
He was convinced the focus on tax reduction which is a primary concern for government will facilitate business expansions and job creation. This, he said, will lead to corporate and income tax benefits.
Theophilus Tetteh Chaie, however, cautioned the traders who are the major beneficiaries of the tax cuts to also reduce the prices of their goods to benefit consumers.
Meanwhile, Seth Terkper says the reduction will only encourage smuggling and deprive government of needed taxes for development.
The former Minister in an interview with Joy News said the tax cuts is a recipe for disaster explaining that tax free spare parts importation is only going to deprive Ghana of revenues.
Seth Terper therefore urged government to weigh the pros and cons before implementing the reduction.
Source: New Crusading Guide
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Let the ***barred word*** know that the old lady living in a remote area will benefit if things go on well for her son or grandson who drives taxi or trotro in an urban or rural community.
N.D.C. introduce more and high taxes in this country for eight years.You could not use the monies collected for any development and social intervention and end up by borrowing to increase our national debt, create hardship for Ghanaians.Keep quite and stay in opposition watch the good things Akufo-Addo government have for ghanaians.
Have you ever heard the devil praising God before, the downfall of every government is a feather in the cup of the strongest opposition
NDC is a shame, NDC is a disgrace, NDC is wicked and selfish. Look at what you are saying. Upon all the taxes you collected from the good people of Ghana, what was the proceeds use for? you must be ashamed of yourselves.
Will reduction of taxes and giving everything free free be the solution for Ghana economic woes, in a matter of time the reality on the ground will be shown. What will reduction of spare parts do for an old lady living in a remote area? these things are for the rich to get richer and turn the poor into slaves.
Seth Tekpe said our country will be used as transit point to send spare parts to neighboring countries. But that will be a good thing for out country. The traders will bring the goods in and they will come and buy and our country will benefit. This he knows but it is just jealousy
The NDC party as a whole in coma at the moment... they are confused and behaving like a head.lless chicken. I will predict again that they will be in opposition for a very very very long time.