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Inflation drops to 3.8% in January

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Home»Local News»Parliament to consider major economic and financial sector bills – Majority Leader
Local News

Parliament to consider major economic and financial sector bills – Majority Leader

By KrobeaFebruary 4, 20262 Mins Read
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Parliament will consider a wide range of economic and financial sector legislation as it resumes work, the Majority Leader, Mahama Ayariga, has announced.

He said the proposed bills were aimed at consolidating recent gains, strengthening institutions, and creating a more competitive business environment.

Among the key bills before the House are the Ghana Cocoa Board (Amendment) Bill, the Ghana Investment Promotion Authority Bill, and the Ghana Deposit Protection (Amendment) Bill, which seeks to align Ghana’s deposit protection framework with international standards.

Mr Ayariga also mentioned the Exemptions (Amendment) Bill, 2026, and the Income Tax (Amendment) Bill, 2026.

“These bills are not just technical exercises,” the Majority Leader said.

“They are about improving confidence in our financial system, protecting depositors, and ensuring that our tax regime supports growth rather than stifling it.”

He added that the Extractive Industry Fiscal Reforms Bill would modernise the sector and ensure that mineral wealth benefited local communities.

Mr Ayariga also highlighted ongoing VAT reforms, including the abolition of the COVID-19 Health Recovery Levy and the reduction of the effective VAT rate.

He said these measures would lower the cost of doing business and ease the burden on households. “We are deliberately shifting from crisis management to growth-oriented reforms,” he noted.

He urged Members on both sides of the House to approach the consideration of the bills with a sense of national responsibility.

“Differences of opinion enrich our democracy, but division must never obstruct national progress,” he said, calling for constructive debate anchored in solutions rather than stalemate.

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