2023 Budget: Kofi Akpaloo disagrees with 2.5% increase in VAT

Kofi Akpaloo has disagreed with government's decision to increase Value Added Tax (VAT) by 2.5 per cent.

The ruling administration in its 2023 budget announced a proposal to “increase the VAT rate by 2.5 percent to directly support our roads and digitalization agenda; Fast-track the implementation of the Unified Property Rate Platform programme in 2023"

But speaking on Kumasi-based Hello FM, the founder, and the leader of the Liberal Party of Ghana (LPG) said: "...things are already hard. The prices of items are already high and so if you increase the VAT by 2.5% you're going to overburden people..."