Audio By Carbonatix
The Deputy Finance Minister, Thomas Nyarko Ampem, has assured that the COVID-19 levy is expected to be abolished by the end of the year.
According to him, the tax would be considered alongside the Valued Added Tax (VAT) rationalisation process that President Mahama’s administration promised to repeal.
In an interview with Joy News, the Deputy Finance Minister said President Mahama's government is committed to abolishing all nuisance taxes. The Electronic Transaction Levy (E-levy) and the betting tax have already been scrapped.
Responding to a question whether more taxes will be abolished, Mr. Nyarko Ampem, said “at this time it would be difficult to make any promises but as the economy picks up, we wouldn’t mind to repeal taxes”.
“The COVID-19 levy will be considered alongside the VAT rationalisation process that we have been committed to do. So, when that process is done, I believe the COVID [levy] would also be removed. I’m looking at towards the end of the year if we are able to finish the rationalisation processes, we would be able to do that.”
He added that President Mahama means everything he said in the ruling National Democratic Congress's (NDC) manifesto.
“So, we are working towards the rationalisation of all these promises he made”.
In the 2025 Budget, the government promised to reform the VAT system by removing the COVID-19 Health Recovery Levy, treating health and education levies as VAT, and reducing eligible VAT-registerable traders.
Latest Stories
-
Miss Health Organisation unveils new Miss Health Africa and Ghana queens
43 minutes -
Andy Dosty set to headline inaugural Ghana Independence Day celebrations in Europe
43 minutes -
GoldBod rejects IMF claims of $214m losses under gold-for-reserves programme
55 minutes -
Some MMDCEs reject uniform 24-Hour Economy Market model, seek flexible options
59 minutes -
Government to reform cultural, creative sector policies
1 hour -
Illegal farming ravages Chai River forest reserve
1 hour -
Christmas should inspire unity and national renewal – Prof Opoku-Agyemang
1 hour -
Ashanti Region: NADMO prioritises preventive measures to reduce road carnage
1 hour -
Mahama pledges reset, growth and jobs for all Ghanaians in Christmas message
1 hour -
13 inmates at Nsawam Prison granted bail under the Justice For All Programme
2 hours -
We invited a man into our home at Christmas and he stayed with us for 45 years
2 hours -
From uncertainty to clarity: Ghana draws the line on digital assets
2 hours -
23% of Ghanaians battling Insufficient Food Consumption – AGRA Report
2 hours -
Average price of food commodities drops by 32% over last one year – AGRA Food Security Monitor Report
2 hours -
Stampede claims life at Asake concert in Kenya
2 hours
