10/12/2025
In a significant move, President John Dramani Mahama has signed the COVID-19 Health Recovery Levy Repeal Act 2025, scrapping the 1% levy. This bold initiative is projected to return GH¢3.7 billion to individuals and businesses in 2026, boosting economic activity. Overall, the VAT reforms are expected to provide tax relief of almost GH¢6 billion to businesses and households, marking a substantial economic intervention.
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