Ghana Hoteliers Association Calls for Consolidation of Multiple Taxes in 2025 Budget
The Ghana Hoteliers Association is advocating for the consolidation of multiple taxes, including the National Health Insurance Levy (NHIL), Value Added Tax (VAT), and the GETFund levy, into a single tax for the hospitality sector.
According to the Association, the current tax regime—coupled with rising inflation, foreign exchange volatility, and high utility tariffs—is exerting significant pressure on hotel businesses, threatening their sustainability and growth.
With the government preparing to present the 2025 budget, industry stakeholders are urging policymakers to address these economic challenges to foster a more conducive business environment.
Speaking to Citi Business News, President of the Ghana Hoteliers Association, Dr. Edward Ackah-Nyamike, reiterated the need for tax relief measures in the upcoming budget.
“We have made our concerns clear over the years, and we hope to see some reductions in taxes and levies, as promised by the government. Additionally, we want measures to tackle inflation, foreign exchange instability, and high utility costs, which directly impact our operations,” he stated.
Dr. Ackah-Nyamike emphasized the Association’s call for a streamlined tax structure, noting that consolidating VAT, GETFund, and NHIL into a single tax would ease the burden on businesses in the hospitality industry.
“If any of these issues are addressed in a way that brings positive change and allows our businesses to flourish, we will be very happy,” he added.
The hospitality industry remains a key driver of Ghana’s tourism sector, and industry players believe that targeted fiscal interventions will be crucial in ensuring its continued viability.
