Government has decided to abolish market tolls paid by head porters (Kayayei), the Finance Minister Mr Ken Ofori-Atta has announced.
This, according to him formed part of a number of tax reliefs introduced by the the New Patriotic Party (NPP) government.
Presenting the much anticipated 2017 budget statement on Thursday, Mr Ofori-Atta mentioned a number of other taxes which the new government has planned to abolish as a way of bringing relief to Ghanaians.
Below are some highlights of various taxes abolished by government.
The 1% Special Import levy
Kayayei Market tolls
17.5% VAT/NHIL on financial services
7.5 % VAT/NHIL on selected imported medicines, that are not produced locally
17.5% VAT/NHIL on domestic airline tickets
5 % VAT/NHIL on Real Estate sales
Replaced 17.5% VAT/NHIL with 3 % flat rate for traders
Tax credits and other incentives for businesses that hire young graduates from tertiary institutions
Tax incentives for Young Entrepreneurs
Duty on imported spare parts
Corporate income tax to be progressively reduced from 25% to 20% in 2018