Ghana’s government has announced the removal of several COVID-19 related taxes, citing economic hardship for citizens. Five taxes labeled as “nuisance levies,” including a one-percent levy on mobile money and VAT on vehicle insurance, will be abolished according to the 2025 budget presented by Finance Minister Cassiel Ato Forson.
On Tuesday, Ghana’s government revealed a decision to eliminate several taxes introduced during the COVID-19 pandemic that were linked to International Monetary Fund (IMF) financing. This move aims to alleviate economic burdens faced by citizens. Finance Minister Cassiel Ato Forson highlighted that five taxes identified as “nuisance levies” will be scrapped. These include a one-percent levy on mobile money transfers and a value-added tax on motor vehicle insurance, as outlined in the government’s 2025 budget presentation.
In summary, Ghana’s government is removing unwanted taxes that have negatively impacted its citizens. The cancellation of these ‘nuisance levies’ reflects a responsiveness to economic challenges faced by the public and aims to enhance financial relief. The decision highlights the government’s commitment to addressing the economic hardships linked to pandemic-era policies.
Original Source: www.djournal.com
