*Government Abolishes COVID-19 Levy, Cuts Tax Burden - Ato Forson* Ghana's Finance Minister, Dr. Cassiel Ato Forson, has announced the abolition of the COVID-19 Health Recove
.*Government Abolishes COVID-19 Levy, Cuts Tax Burden - Ato Forson* Ghana's Finance Minister, Dr. Cassiel Ato Forson, has announced the abolition of the COVID-19 Health Recovery Levy, effective immediately, as part of a bold package of VAT reforms aimed at making the tax system more equitable and business-friendly. Key Tax Reforms includes COVID-19 Levy Abolished, Putting GH¢3.7 billion back into the pockets of individuals and businesses Again, GET Fund and NHIL Levies Decoupling from VAT tax base abolished Also VAT on Mineral Exploration Abolished, Effective VAT Rate Reduced from 21.9% to 20% . He added that, VAT Registration Threshold Raised from GH¢200,000 to GH¢750,000 and lastly, VAT Zero Rating for Local Textile Manufacturers Extended to 2028 These reforms are expected to reduce the cost of doing business by 5%, Dr. Forson said, presenting the 2026 Budget Statement in Parliament.
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