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IMF and Govt Collaborate on Alternative to VAT Suspension for Power Revenue Gap

  • IMF collaborating with government to find alternative to bridging revenue shortfall in Ghana
  • Concerned about impact of proposed VAT on electricity on households, businesses, and general public
  • Managing Director Kristalina Georgieva stated they will reach mutually beneficial choice to bridge debt gap and maintain economic gains
  • Government suspended proposed 15 percent VAT on domestic consumption of electricity last month
  • Ministry of Finance directed ECG and NEDCo to hold on with levy imposition until industry players and labor unions consulted

Source: dailyguidenetwork.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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