In a bold move toward economic reform, Minister for Foreign Affairs Samuel Okudzeto Ablakwa has revealed plans to remove the COVID-19 levy in the upcoming national budget. This decision represents the culmination of a major campaign promise—to dismantle four unpopular taxes inherited from the previous government.
During a vibrant address to Ghanaians residing in Benin, Mr. Ablakwa proudly announced, “Only one more tax remains for the government to scrap in order to fulfil its promise of removing four taxes imposed by the previous administration.” His statement resonated strongly with the audience, earning enthusiastic applause and cheers.
So far, three of the four targeted taxes—the betting tax, the Electronic Levy (E-Levy), and the emissions tax—have already been repealed following the president’s approval of the necessary bills on April 2nd. With the COVID-19 levy now in line for elimination, the government is poised to complete this significant tax overhaul.
Mr. Ablakwa also took the opportunity to update the Ghanaian diaspora on recent political and economic developments. He emphasized the administration’s steadfast commitment to transparency, reform, and the fulfillment of its promises, urging the community to remain optimistic about the future.
Highlighting the government’s focus on youth empowerment, the minister noted that dedicated funds have been earmarked to support young people. This initiative underscores the broader economic and social strategy aimed at harnessing the potential of Ghana’s emerging leaders.
This comprehensive tax reform not only addresses long-standing public grievances but also marks a pivotal step towards a more inclusive and dynamic economic landscape in Ghana. Stay tuned for more updates as the nation continues to navigate a path toward lasting reform and prosperity.
