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The government withdrew the luxury vehicle tax introduced last year.
Finance Minister Ken Ofori-Atta, in his review of the mid-year budget in Parliament, said that although the tax is being introduced to generate revenue, "we have taken note of the suggestions of the general public to implementation of this tax ".
The tax on luxury vehicles targeted owners of vehicles with a capacity of 3 liters or more.
Required to be paid annually, vehicles with 3.0 to 3.5 liters displacement were taxed at 1,000 ¢; those with engine capacities of 3.6 to 4.0 liters paid 1,500 ¢; while 4.1 liters and over paid an annual tax of 2000 ¢.
But the announcement left the Coalition of Automobile Dealers unhappy. They staged a demonstration in March 2019 to register their dissatisfaction with the tax.
The group of protesters from the Association of Vehicle and Asset Dealers of Ghana (VADAG), the National Concerned Spare Parts Dealers, the True Drivers Union, the Concerned Drivers Association, the Ghana Committed Drivers Association and the Chamber of Petroleum Consumers They drove their vehicles in convoy in the main streets of the demonstration, called "Bobolebobo demonstration".
The government heard their cry.
Mr. Ofori-Atta told the Parliament "As a government, we are proposing to the House the withdrawal of the royalty.
"We will continue to improve compliance, expand the tax network and explore other innovative sources of revenue," he added.
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