- Ghana’s 2025 Budget Statement was presented by the Minister of Finance on 11 March 2025.
- The Budget aims to restore fiscal discipline, enhance revenue mobilization, and reduce economic burdens on households and businesses.
- Proposed changes include reintegrating certain levies into the VAT structure to lower the effective VAT rate.
- The VAT flat rate scheme for certain retailers is to be reversed.
- The VAT registration threshold is to be raised to exempt micro and small businesses.
- VAT on motor vehicle insurance policies is to be abolished.
Source: ensafrica.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.
