South Africa’s Finance Minister unveiled a revised budget reducing the planned VAT increase. The new
Finance Minister Enoch Godongwana’s proposed VAT increase to 16% by 2026 has drawn strong opposition
PIED lauded the 2025 budget as progressive, stressing the need for effective implementation. Key policies
South Africa’s National Treasury proposed a 0.5% VAT hike instead of the initially planned 2%.
Finance Minister Ato Forson opposes taxpayer-funded bailout for Bank of Ghana’s GHC53 billion recapitalization. He
Ghana’s Finance Minister Dr. Ato Forson rejects taxpayer funding for a GH¢53 billion Bank of
South Africa’s Treasury proposes a smaller VAT hike to resolve a budget deadlock in the
GRA data indicates the Akufo-Addo administration implemented a 10% betting withholding tax, generating GH¢15 million
South Africa’s 2025 budget faced delays due to disagreements over a proposed VAT hike. The
Chief Alaribe of ICAN believes proposed tax reform bills in Nigeria will enhance revenue and