IMF Suggests Reintroducing 15% VAT on Electricity Amid Declining Inflation in Ghana

• IMF suggests Ghanaian government may reintroduce 15% VAT on electricity if inflation continues to decline
• Inflation in Ghana decreased to 20.9% in July, the lowest in 28 months
• 15% VAT on electricity was initially introduced as part of COVID-19 recovery measures
• Government suspended VAT on February 7, 2024, due to public protests
• Ministry of Finance plans to apply VAT to high-consumption residential customers
• IMF report suggests government may proceed with VAT if inflationary pressures ease

Source: modernghana.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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