- The Ministry of Finance set the effective VAT rate at 20% for the 2026 budget, aiming to balance private sector relief with revenue goals.
- Samuel Arkhurst from the MoF defended this decision at the Deloitte Economic Dialogue, addressing concerns from the Ghana Hotels Association (GHA).
- The GHA, represented by Dr. Edward Ackah-Nyamike, wanted a lower VAT rate of 10% and argued that removing the COVID-19 levy alone is not enough.
- The 2026 budget forecasts total expenditure at GH¢302.5 billion (18.9% of GDP) and projected revenue and grants at GH¢268.1 billion.
Source: ghanaweb.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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