President John Mahama has dismissed reports that government intends to introduce new taxes soon.
Mr. Mahama commented on the development yesterday on his twitter handle, insisting that his administration has not considered any such plans.
His disclaimer follows Finance Minister’s view of slapping taxes on pension contributions within a certain period.
He argued that Pensions are incomes too and hence must be taxed.
Conceding that the new tax law Act 896, 2015 has taken to unconventional means in order to raise revenue, he blamed high rates of tax evasion for the posture.
But the Ministry, on the back of the hue and cry after the Minister’s argument has subsequently clarified the position of Terkper on that issue.
According to the Ministry, pensions are exempted from taxes per the laws of Ghana.
