Finance Minister presents bill to exempt Motor Insurance from VAT
The Minister for Finance, Dr. Cassiel Ato Forson, has presented a bill to Parliament seeking to amend the Value Added ...
Tag: VAT
Govt to overhaul VAT System by end of year – Finance Minister
Finance Minister Dr. Ato Forson has announced plans for a comprehensive review of Ghana’s Value Added Tax (VAT) system, citing ...
Economist projects VAT hike to 18% in 2025 budget
Economist Professor Godfred Bokpin is anticipating a rise in the country’s Value Added Tax (VAT) to as much as 18% ...
Finance Ministry report exposes widespread VAT non-compliance among businesses
A new report by the Ministry of Finance has revealed widespread non-compliance with the country’s Value-Added Tax (VAT) system, with ...
VAT on electricity: Govt to prioritise tax compliance, reduce inefficiencies – Abena Osei-Asare
Minister of State at the Finance Ministry, Abena Osei-Asare, has stated that the government is committed to enhancing tax compliance ...
GRA clarifies decision to tax incomes of resident Ghanaians
The Ghana Revenue Authority (GRA) has clarified its decision to tax the foreign incomes of resident Ghanaians. GRA in a ...
IMF, govt discussing alternative measures after suspension of VAT on electricity
The International Monetary Fund (IMF) has indicated its willingness to consider alternative measures to tackle Ghana’s revenue shortfall following the ...
We’re with Ghanaians – Industrial and Commercial Workers’ Union on opposition against VAT on electricity
The Industrial and Commercial Workers Union (ICU) has stated its decision to support a protest by Organised Labour against the ...
VAT on electricity: Govt to hold extensive dialogue with Organised Labour
Extensive dialogue will be held with Organised Labour and other key stakeholders in the coming weeks on the VAT on ...
IMF rep calls for protection of vulnerable in Ghana amid economic reforms
The International Monetary Fund’s resident representative in Ghana, Dr. Leandro Medina, has stressed the importance of protecting vulnerable individuals during ...
ICU urges government to act swiftly on ultimatum to scrap VAT on electricity
The Industrial and Commercial Workers' Union, ICU-Ghana, has urged the government to treat with urgency, the seven-day ultimatum issued by ...
Don’t panic, 15% VAT on electricity not being charged – ECG MD
The Electricity Company of Ghana (ECG), has clarified that the new Value Added Tax (VAT) on electricity consumers beyond the ...
Burdening workers with taxes unfair – TUC justifies ultimatum to govt
The Trades Union Congress (TUC) has described the 15 percent Value Added Tax (VAT) imposed on electricity consumption above the ...
TUC gives govt 7-day ultimatum to withdraw VAT on electricity
The Trades Union Congress (TUC) has given the government a seven-day ultimatum to withdraw the imposition of Value Added Tax ...
Elikplim Apetorgbor writes: 21% VAT on end user electricity tariff retrogressive, makes Ghana unattractive
It is essential for policymakers to carefully assess the broader economic consequences of the 21% VAT imposition on end-user electricity ...
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