Minority demands thorough revenue reform, pushing for complete abolition of the suspended Dumsor levy.
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- Minority demands thorough revenue reform, pushing for complete abolition of the suspended Dumsor levy.
Minority demands thorough revenue reform, pushing for complete abolition of the suspended Dumsor levy.
Kojo Oppong Nkrumah, MP for Ofoase Ayirebi and Ranking Member on Parliament’s Committee of Economy and Development, has urged the government to fully repeal the suspended 8% Dumsor levy, arguing that its suspension reveals flaws in Ghana’s fiscal planning.
He criticized the levy, meant to raise GH¢5.7 billion for energy sector interventions, for its flawed assumptions about global oil price stability and its potential to increase fuel prices, as warned by the Minority.
Nkrumah highlighted that the levy’s revenue target mirrors a GH¢6 billion budget shortfall projected by the Minority, resulting from the 2017 removal of 17 taxes without adequate expenditure cuts, which weakened fiscal buffers against global shocks. He called for a comprehensive, transparent review of Ghana’s revenue mechanisms to build a sustainable and equitable fiscal system, rather than relying on temporary measures.
“This is not just about scrapping a levy but building an agile, fair revenue system that delivers for Ghanaians,” Nkrumah said. He pledged the Minority’s support with lessons and ideas to develop sustainable levies that drive tangible results, urging the government to avoid past fiscal mistakes and enhance long-term fiscal resilience.
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