Increase VAT to Fund Free SHS – Kofi Akpaloo

The Flagbearer of the Independent People’s Party (IPP) Kofi Akpaloo has urged the ruling government to increase the VAT from 17.5% to 20%.

Mr Akpaloo said the government should increase the standard VAT rate from 17.5% to 20% and use it to fund the FREE SHS.

This proposed new rate will bring us par to the average of European Union area VAT rate.

The Heritage Fund should rather be reinvested into the oil and gas exploration and development to take the country to where we can control a major stake in the industry.