The Minority in Parliament has described as deceitful, the government’s announcement regarding the abolition of the 10% tax on betting and others.
The Minority criticized the basis of the government’s pronouncement and clarified that such taxes were never implemented in the first place.
Addressing the media after the 2025 Budget Statement in Parliament on Tuesday, March 11, former Finance Minister, Dr. Amin Adam, said the government was only deceiving Ghanaians with the removal of the betting and lottery tax, as well as VAT on motor insurance.
“Ladies and Gentlemen, betting tax that they said they had abolished, we never collected betting tax. We never implemented the betting tax so to come and tell Ghanaians that you have abolished something that was never implemented is to deceive the people of Ghana,” he stated.
Emphasizing the nonexistence of the highlighted taxes, the Karaga Member of Parliament warned Ghanaians against the government’s deceptive moves amid celebrations, as the taxes never existed.
“The Minister announced that they are abolishing VAT on motor insurance. Ladies and Gentlemen, we were already not collecting VAT on motor insurance. VAT on motor insurance was exempted rather the minister was trying to be smart, they have re-introduced VAT on non-life insurance with the exemption of the vehicle motor insurance.
So, all other insurance given that the penetration of the insurance industries is 1.1%, we are so shocked that the Minister will reintroduce VAT on non-life insurance except VAT on motor insurance,” he stressed.
