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The New Patriotic Party (NPP) government led by President Nana Addo Dankwa Akufo-Addo has implemented several tax measures as part of its fiscal policy to enhance revenue generation. | Pulse Ghana
However, these new taxes come at a time when the Ghanaian economy is already heavily burdened. The COVID-19 pandemic as we are made to believe by government has had a significant impact on the economy, leading to job losses, reduced economic activity, and increased debt levels. Additionally, the country has been facing challenges such as high inflation, recent power cuts, and a depreciating currency, among others.
However, these new taxes come at a time when the Ghanaian economy is already heavily burdened. The COVID-19 pandemic as we are made to believe by government has had a significant impact on the economy, leading to job losses, reduced economic activity, and increased debt levels. Additionally, the country has been facing challenges such as high inflation, recent power cuts, and a depreciating currency, among others.
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The Association of Ghana Industries (AGI) says the government risks missing its targeted GHȼ3.8 billion it hopes to raise from the three newly introduced taxes.