Close

Parliament to consider major economic and financial sector bills – Majority Leader

logo

logo



Parliament will consider a wide range of economic and financial sector legislation as it resumes work, the Majority Leader, Mahama Ayariga, has announced.

He said the proposed bills were aimed at consolidating recent gains, strengthening institutions, and creating a more competitive business environment.

Among the key bills before the House are the Ghana Cocoa Board (Amendment) Bill, the Ghana Investment Promotion Authority Bill, and the Ghana Deposit Protection (Amendment) Bill, which seeks to align Ghana’s deposit protection framework with international standards.

Mr Ayariga also mentioned the Exemptions (Amendment) Bill, 2026, and the Income Tax (Amendment) Bill, 2026.

“These bills are not just technical exercises,” the Majority Leader said.

Trending:  AMA begins CBD decongestion with red line re-demarcation for traders

“They are about improving confidence in our financial system, protecting depositors, and ensuring that our tax regime supports growth rather than stifling it.”

He added that the Extractive Industry Fiscal Reforms Bill would modernise the sector and ensure that mineral wealth benefited local communities.

Mr Ayariga also highlighted ongoing VAT reforms, including the abolition of the COVID-19 Health Recovery Levy and the reduction of the effective VAT rate.

He said these measures would lower the cost of doing business and ease the burden on households. “We are deliberately shifting from crisis management to growth-oriented reforms,” he noted.

Trending:  CEMSE: NPA’s price floor undermines market efficiency, kills competition and hurts consumers

He urged Members on both sides of the House to approach the consideration of the bills with a sense of national responsibility.

“Differences of opinion enrich our democracy, but division must never obstruct national progress,” he said, calling for constructive debate anchored in solutions rather than stalemate.

DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.

DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.

Trending:  Tema NPP Secretary Fired Over GH₵2,000 Land Deal with Wife— Says Dismissal Was Unfair

Source: www.myjoyonline.com
scroll to top