New Zealand Keen to Increase its Investment in Energy, Agricultural SectorsGovernment suspends 15 per cent electricity VAT for stakeholder engagement

State Minister of Foreign Affairs, Ambassador Mesganu Arga received and discussed with New Zealand’s Ambassador to Ethiopia Michael Upton at his office today.

Ambassador Mesganu stressed the need to enhance investment and capacity building cooperation in realizing agricultural productivity, renewable energy development and fighting climate change.

He also underscored the need to scale up the bilateral relations in development assistance and humanitarian efforts.

Michael Upton on his part, expressed New Zealand’s keenness to increase its investment in energy and agricultural sectors as well as its capacity building, and development and humanitarian assistance.

The two sides also deliberated on regional and international issues of mutual importance, according to Ministry of Foreign Affairs.

Source: Ethiopian News Agency

Accra: The government has announced the suspension of the implementation of the 15 per cent Value Added Tax (VAT) on electricity consumption.

The suspension, the Ministry of Finance, in a statement copied to the Ghana News Agency on Wednesday, February 7, said was to allow for further engagements with key stakeholders, including Organised Labour.

‘The Ministry expects that these engagements will birth innovative, robust, and inclusive approaches to bridging the existing fiscal gap, while bolstering economic resilience,’ the statement said.

Source: Ghana News Agency

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