Members of Parliament have started deliberations on the budget statement for the 2021 fiscal year.
The lawmakers started the deliberations in the Volta regional capital Ho on Sunday, March 14, according to Information Minister Kojo Oppong Nkrumah.
“In Ho this morning, Parliament has started work on the 2021 budget. The detailed analysis will aid MPs in our debate, consideration and approval of the budget in the next two weeks. Godspeed to all Hon members,” the Ofoase Ayirebi Lawmaker said in a tweet.
The government is proposing in the 2021 budget statement the introduction of a Covid-19 Health Levy of a one percentage point increase in the National Health Insurance Levy and a one percentage point increase in the VAT Flat Rate to support expenditures related to Covid-19.
“To provide the requisite resources to address these challenges and fund these activities, government is proposing the introduction of a Covid-19 Health Levy of a one percentage point increase in the National Health Insurance Levy and a one percentage point increase in the VAT Flat Rate to support expenditures related to Covid-19,” the budget statement presented by the leader of Government Business, Osei Kyei Mensah Bonsu said among other things on Friday, March 12.
It added that “to leverage other resources to fight the pandemic, Government passed the COVID-19 National Trust Fund Act, (2020), Act 1013 in April 2020 to establish the Fund. As of 31st December 2020, the Fund had mobilised GH¢ 57,134,093.58 of which GH¢45,218,313.23 had been utilized.
“These resources complemented Government efforts in providing PPEs and medical supplies to COVID-19 selected institutions, distribution of food items to the aged, vulnerable, and needy persons; providing vehicles to selected Treatment Centres, National Public Health & Reference Laboratories, Testing Centres, and the COVID-19 Central Care Management Team. It also supported the construction of the National Infectious Disease Centre.”