The government has suspended the planned implementation of the 15 percent Value Added Tax (VAT) on domestic consumption of electricity.
The Ministry of Finance has consequently instructed the Electricity Company of Ghana and the Northern Electricity Distribution Company to put the charging of the levy on hold.
This was contained in a press statement issued by the Ministry of Finance on Wednesday, February.
"On behalf of the Government, MoF would like to inform ECG and NEDCO to suspend the implementation of the VAT directive pending further engagement with key stakeholders, including Organised Labour."
"The Ministry expects that these engagements will birth innovative, robust, and inclusive approaches to bridging the existing fiscal gap, while bolstering economic resilience."
Meanwhile Organised Labour, which has threatened a nationwide demonstration against the implementation of the policy, had warned that nothing short of a total withdrawal of the tax will avert the demonstration planned for next Tuesday, February 13.
Latest Stories
-
World Day of the Boy Child 2024: Teaching boys how to manage anger and aggression
7 mins -
‘Ghana’s economy rebounding strongly’ – Finance Minister insists
10 mins -
Akufo-Addo government has mishandled small-scale mining sector – Mahama
18 mins -
Nephrologist warns of rising chronic kidney disease cases in Ghana
24 mins -
GJA President reminds journalists of their crucial role in shaping African narrative
24 mins -
2 ‘mentally unstable’ men allegedly set their mother ablaze under bizarre circumstances
30 mins -
I’ll use Artificial Intelligence to fight galamsey – Mahama
36 mins -
I’ll ensure Ghana’s natural resources benefit all Ghanaians, not just a few – Mahama assures
39 mins -
NDC urges government to resolve Mallam-Kasoa-Winneba Junction gridlock
43 mins -
Betterland Ghana Ltd responds to environmental concerns over mining rights
53 mins -
Ghana Food Movement launches crowdfunding campaign to support The Kitchen
55 mins -
Bawumia will always stand with Gonjaland – Ahiagbah says ahead of NPP flagbearer’s Savannah tour
55 mins -
Camel Treasure Hunt Promo awards GH¢100,000 grand prize
58 mins -
Abbi Ima drops new single ‘Sika Ye Mogya’
1 hour -
Pharmaceutical Importers want taxes on selected medication for kidney patients removed
1 hour