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Ghana scraps IMF-linked 'nuisance' taxes

Summary by Watauga Democrat

Ghana's new government on Tuesday announced it was scrapping several Covid-era taxes introduced in an effort to secure IMF financing, citing the economic hardship placed on ordinary citizens.

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Ghana scraps IMF-linked 'nuisance' taxes

Accra, Ghana — Ghana’s new government on Tuesday announced it was scrapping several Covid-era taxes introduced in an effort to secure IMF financing, citing the economic hardship placed on ordinary citizens. Five taxes deemed “nuisance levies” by the current government — including a one-percent levy on mobile money transfers and a value-added tax on motor

9 hours ago·Manila, Philippines

Ghana scraps IMF-linked taxes in new budget

In a bid to ease economic hardship, the government of Ghana has announced the removal of several taxes introduced during the COVID-19 era to secure International Monetary Fund (IMF) financing. The decision, outlined in the 2025 budget, aims to provide financial relief to citizens and businesses struggling with rising inflation and currency depreciation. Finance Minister […] The post Ghana scraps IMF-linked taxes in new budget appeared first on A…

16 hours ago

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The Heritage Times

Ghana Abolishes IMF-Linked Taxes, Cites Hardship On Citizens

By Enyichukwu Enemanna Ghana’s government has announced the scrapping of several COVID-19-era taxes imposed as a means to secure funding from the International Monetary Fund (IMF), attributing the decision to the economic impact on citizens. Five different taxes, which President John Dramani Mahama’s administration sees as “nuisance levies,” including a one-percent levy on mobile money transfers and a value-added tax on motor vehicle insurance, …

21 hours ago

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thesudantimes.com

Ghana government scraps IMF-linked tax levies

In a move to alleviate the economic hardship on ordinary citizens, Ghana’s government announced the removal of several taxes tied to its International Monetary Fund (IMF) bailout. Finance Minister Cassiel Ato Forson revealed the decision during the presentation of the 2025 budget on Tuesday. The five “nuisance levies” abolished include a one-percent tax on mobile money transfers, a value-added tax on motor vehicle insurance, and a 10-percent tax…

24 hours ago

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pulse.com.gh

Relief for Ghanaians as government abolishes 'annoying' COVID-19 Levy

The Government of Ghana has officially scrapped the much-criticised COVID-19 Health Recovery Levy, signalling the end of a tax policy that had faced widespread opposition since its inception in 2021. The 1% levy, which was applied to the supply of goods and services as well as imports, was initially introduced to support Ghana’s economic recovery from the impacts of the COVID-19 pandemic. However, as the pandemic waned and daily life returned to…

1 day ago

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