Trending 
Ghana has scrapped its Covid-19 Health Recovery Levy and reduced its value-added tax as part of a broader effort to stimulate economic expansion, the government announced on Thursday.
Finance Minister Cassiel Ato Forson said the changes would return around GHS 5.7 billion ($520 million) to households and businesses in 2026. Introducing the measures to Parliament, he explained that the adjustments were intended to modernise the country’s VAT structure and ease pressures on companies.
Forson told lawmakers that the reforms followed extensive consultations and detailed economic analysis, adding that the revamped VAT system was designed to support Ghana’s broader transformation ambitions.
The government is projecting GDP growth of at least 4.8 per cent next year, while inflation has eased to eight per cent as of October, the tenth consecutive month of decline.
Describing the economic outlook as increasingly positive, Forson said the country’s recovery was gaining traction, noting that GDP expanded by 6.3 per cent in the first half of 2025 compared with 5.3 per cent during the same period in 2024.
