Tax Partner at PwC Ghana, Abeku Gyan-Quansah has revealed that the current high tax levels in the country has resulted in some multinational companies relocating to friendlier business environment outside Ghana.
The Vice Chairman of the Trade Union Congress, Ken Koduah, has urged the government to prove its financial capability to the International Monetary Fund (IMF) through other means beyond the imposition of VAT on electricity consumption.
The International Monetary Fund expects revenue to underperform the Ghana Government target by 0.1% of Gross Domestic Product in 2024, while expenditure overshoots the target by a similar margin.
Rating agency, Fitch, is predicting a favorable outlook for banks operating in Ghana in 2024. This follows the successful conclusion of the domestic debt exchange which most banks were negatively impacted.