Ghana has announced the removal of several taxes linked to IMF financing, including a one-percent levy on mobile money transfers, to ease economic hardship on citizens. Finance Minister Cassiel Ato Forson revealed these changes in the 2025 budget presentation.
The government of Ghana has recently announced the removal of various Covid-era taxes linked to International Monetary Fund (IMF) financing. This decision was made to alleviate the financial burden on the country’s citizens, as stated by Finance Minister Cassiel Ato Forson during the presentation of the 2025 budget. The taxes considered “nuisance levies” include a one-percent fee on mobile money transfers and a value-added tax on motor vehicle insurance, among others.
In summary, Ghana’s government is taking significant steps to ease the economic strain on its citizens by abolishing certain taxes initially implemented to meet IMF funding requirements. By eliminating what they termed “nuisance levies,” the government aims to provide relief and improve the financial well-being of its citizens.
Original Source: www.djournal.com
