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Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.
Parliament has passed the Value Added Tax Bill, 2025, marking the most sweeping reform to Ghana’s VAT regime in over a decade and officially scrapping the COVID-19 Health Recovery Levy.
The reforms fulfil a major pledge announced by the government in the 2025 Budget and Mid-Year Fiscal Policy Review to make Ghana’s VAT system fairer, simpler, and more growth-focused.
Finance Minister Dr Cassiel Ato Forson, who led the policy revisions, said the new legislation will remove distortions, reduce cascading effects, promote compliance, and improve economic efficiency for businesses and households.
Source: newsthemegh.com