- The 2026 national budget introduces major VAT reforms expected to return nearly GH¢6 billion to households and businesses.
- Reforms include abolishing the COVID-19 Health Recovery Levy, injecting about GH¢3.7 billion into the economy.
- The effective VAT rate is reduced from 21.9% to 20%.
- The VAT registration threshold is raised from GH¢200,000 to GH¢750,000.
- Input tax deductibility is restored for levies previously excluded from the VAT base.
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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