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VAT; Ghana

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Ghana reaches $3B IMF deal to battle economic crisis

“What is very important for the IMF is that the government strategy as a whole be sufficient to put debt on a sustainable path and to bring debt sustainability over the medium term,” he said.

The government has already increased value-added tax (VAT) by 2.5% and frozen state-sector hiring to help trim spending and boost domestic revenues.

Source: dailysabah.com

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