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Deputy Finance Minister Thomas Ampem Nyarko announced that the removal of the Electronic Levy, or E-Levy, is planned for the end of March 2025. This will happen after the 2025 budget gets approved.
Nyarko discussed this topic during an appearance on the OXFAM Tax Dialogue aired on Channel One TV on Tuesday, March 18.
He mentioned that once Parliament completes the budget process, the E-Levy will be taken away.
“It will take effect the moment the budget and the appropriation is approved, and that will be by the 31st of this month.
“So all things being equal, from April you will see that all things will be done,” he stated.
In addition to tax changes, Nyarko emphasized the importance of closely examining Ghana’s investment environment.
While Ghana’s strong democracy attracts foreign investors, there are still important challenges that discourage them from investing money in the country.
“We as a country have not fully leveraged on good democratic credentials. A lot of foreign investors prefer Ghana because of our stable political environment but someway somehow other factors are driving investors away,” Nyarko stated.
NKONKONSA.com
