Browsing: Ghana’s 2023 national budget

Ken Ofori at the presentation of Ghana's 2023 national budget.
  • Government has reduced the e-levy rate from 1.5 per cent to one per cent of the transaction value, finance Minister, Ken Ofori-Atta has announced presenting the 2023 budget statement.
  • The Ghanaian government has announced its decision to increase the Value Added Tax (VAT) by 2.5 per cent. This will move the tax policy from its current percentage of 12.5 per cent to 15 per cent.

Ghana is set to reduce the rate of the Electronic Transfer Levy to one per cent from 1.5 per cent.

As part of the review of the e-levy act, however, the GHS 100 daily threshold meant to cushion vulnerable people will be removed.

This was announced by the Finance Minister, Ken Ofori-Atta on Thursday, November 24, 2022, during the 2023 budget presentation.

“Review the E-Levy Act and more specifically, reduce the headline rate from 1.5 per cent to 1 per cent of the transaction value …