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March 13, 2026
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Know the taxes abolished in Ghana
Money
Policy
Opportunity
Growth
Key Points
- Ghana's Parliament has abolished several tax laws since 2024, including the COVID-19 Health Recovery Levy, E-Levy, VAT Flat Rate, Emissions Levy, VAT on Insurance, Betting Tax, and Withholding Tax on Lottery Winnings.
- These abolitions aim to reduce tax burdens, simplify the tax administration system, and promote economic growth in sectors like digital finance, gaming, and insurance.
- The reforms also include a new Value Added Tax Act (Act 1151) introducing a unified 15% VAT rate and increasing the VAT registration threshold from GH¢200,000 to GH¢750,000 to benefit micro and small enterprises.
- The government's RESET Agenda drives these changes, expecting to return GH¢3.7 billion to individuals and businesses in 2026 alone from the COVID-19 Levy abolition.
- While aiming to improve compliance and make Ghana's tax system fairer and more attractive to investors, the article also highlights persistent challenges in tax compliance and the importance of taxation for national development.
Why This Matters
These comprehensive tax reforms are crucial for Ghana's economic landscape, aiming to stimulate growth in key sectors like digital finance, gaming, and insurance by reducing financial burdens and simplifying compliance. They are expected to improve tax compliance, attract investors, and ultimately enhance government revenue mobilization for essential services, despite the initial revenue loss from abolished taxes, contributing to the nation's development agenda.
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