E-Levy removal to take effect by end of March.
“It will take effect the moment the budget and the appropriation is approved, and that will be by the 31st of this month.
“It will take effect the moment the budget and the appropriation is approved, and that will be by the 31st of this month.
By removing the cap on GETFund, the government has secured an additional funding to cater for the Free SHS and other critical expenditures
The Minister expressed optimism that eliminating these taxes will ease pressure on households and stimulate economic activity.
The policy aims to transform Ghana’s economy by promoting round-the-clock economic activities, thereby boosting productivity and economic growth.
The Minister of Finance, Dr. Cassiel Ato Forson, is set to present the 2025 Budget Statement and Economic Policy to Parliament today, marking the first major economic blueprint of the Mahama administration since assuming office.
The Finance Minister Dr Cassiel Ato Forson has submitted the 2025 Budget to Cabinet for the necessary scrutiny ahead of its presentation to Parliament on March 11
Governor of the Bank of Ghana, Dr. Ernest Addison, explained that the central bank’s latest inflation forecast indicated a steady decline, with a return to the disinflation path over an extended time horizon to achieve the medium-term target of 8 ± 2 percent.
It is three levels below the maximum rating given by Moody’s. Rival credit rating agencies S&P and Fitch have already cut France to equivalent levels.