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2022 Budget Full Summary
Are you looking for 2022
Budget Full Summary? Today, we will provide you with the key highlights of the 2022 Budget.
What is National Budget?
the national budget is a document prepared by the government and/or other political entity presenting its anticipated tax revenues (Inheritance tax, income tax, corporation tax, import taxes) and proposed.
Key Highlights of 2022 Budget
Here is a list of key highlights of the 2022 National Budget
• Tolls on all public roads abolished
•Benchmark values on some goods removed
•MoMo to be taxed
•Passage of Tax Exemption Bill
•You start an initiative to create 1 million jobs
•NABCO extended by one year
•Govt to spend GHS137.5b in 2022
Legal Basis Of The National Budget
Article 179 of the 1992 Constitution and Section 21 (3) of the Public Financial Management Act, 2016, (Act 921) has given legal backing to the National Budget to be prepared every year.
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The budget, which is termed as the most anticipated in Ghana’s history is said to focus on expanding recovery from the COVID-19 pandemic.
The ministry of finance ahead of the budget reading in a statement hinted that the budget will among other things dwell on “creating a climate-friendly entrepreneurial state to address unemployment and import substitution.
2022 Budget Full Summary
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