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MoF defends 20% VAT, against industry plea for 10% rate
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MoF defends 20% VAT, against industry plea for 10% rate
By Ebenezer Chike Adjei NJOKU The Ministry of Finance (MoF) has defended its decision to set the effective value added tax (VAT) rate at 20 percent in the 2026 national budget, arguing that the figure represents a critical balancing act between providing significant fiscal relief to the private sector and meeting government’s ambitious revenue mobilisation targets. The ministry’s position was articulated by Samuel Arkhurst, Coordinating Director…
·Accra, Ghana
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