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General News of Thursday, August 1, 2019
Source: clbadfmonline.com
2019-08-01
Financial Analyst, Joe Jackson
A financial badyst, Joe Jackson, said Ghanaians were plunged into a difficult period after the tax hike announced by Finance Minister Ken Ofori-Atta during the mid-March budget review. exercise earlier this week.
The government has proposed to increase taxes on the energy sector from 20 GHp per liter for gasoline and diesel and 8 GHp per kg for LPG.
The tax on communication services also rose from 6% to 9%, while Ghana's debt rose from 198 billion to 80 billion GHS in March 2019.
Speaking of the mid-year budget review of the Executive Breakfast Show on Clbad91.3FM on Thursday, August 1, 2019, Mr. Jackson said that the budget review was bad news for the Ordinary Ghanaian.
Benjamin Akakpo, the show's host, told the animator, "If you read between the lines and some of the things that have been said and not said, you will realize that we are between the hammer and the anvil and that times are hard.
"Essentially, for the man in the street, let me say this bluntly: the mid-year review says you're going to pay more to talk on the phone, you're going to pay more for your data, you're going to pay more for Facebook or WhatsApping. You will also pay more for fuel and this should scare us all because [an increase in] The price of fuel is a huge transportation cost and a huge part of the cost of things we pay for …
"So, if we pay more to talk, pay more for data, pay more for transportation, you pay more for electricity, wow! it's a difficult time. "
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