- Ghana will abolish VAT on minerals processing to make the economy more business-friendly and create jobs.
- The tax removal aims to boost investment in minerals exploration, which has been low for two decades.
- Gold exports make up over 60% of Ghana’s $18 billion export earnings this year.
- The move aligns with a broader African trend to encourage local processing of natural resources.
- The government projects average real GDP growth of 4.9% and aims to maintain 8% inflation from 2026 to 2029.
Source: finance.yahoo.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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