The midyear budget statement presented to Parliament by the Finance Minister, Hon Ken. Ofori-Atta, on 29 July 2019, was a review of Government’s fiscal and macro-economic performance within the first half-year of 2019. This was on the back of Government’s 2019 Budget Statement: “A stronger economy for jobs and prosperity”. This midyear budget focused on key priority areas comprising– the cancellation of the Luxury Vehicle Tax; increase in Communication Service Tax; increase in Energy Sector Levies and Tax incentives for 1D1F companies. KPMG presents our highlights of the midyear budget statement and its implications on the economy.
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