At a time that the government is seeking to increase the Growth & Sustainability Levy on mining companies, the Director of Research at the Institute of Economic Affairs (IEA), Dr John Kwakye, has described that particular tax as obsolete.
He however welcomed the government's decision to increase the levy.
The fact is that the Growth and Sustainability Tax is obsolete, having been introduced in 2001 as a Fiscal Stability Tax.
However, a higher tax on the mining sector is justified.
