• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Economy

Ghana to have the lowest tax regime in ECOWAS – Alan Kyeremanten vows

2 years ago
in Economy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
48
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Ghana to have the lowest tax regime in ECOWAS – Alan Kyeremanten vows

In a bold move aimed at fostering economic growth and enhancing Ghana’s competitiveness within the Economic Community of West African States (ECOWAS) bloc, Alan Kyerematen, the founder and leader of the Movement for Change and an independent presidential hopeful, has pledged to implement the lowest tax regime among ECOWAS member countries if elected in the upcoming December 7 polls.

Speaking at a meeting with the leadership of the Ghana Union of Traders Association (GUTA), Mr. Kyerematen outlined a comprehensive vision for tax reform, which includes:

  • Consolidation of Levies: A significant part of the proposed reforms involves consolidating the existing National Health Insurance Levy and Ghana Education Trust Fund levies into the calculation of a new Value Added Tax (VAT) rate, aimed at simplifying the tax system and potentially reducing the overall tax burden.
  • Abolition of Import Levies: Mr. Kyerematen has committed to abolishing the Special Import Levy of 2% and the COVID-19 Health Recovery Levy, which could stimulate trade and reduce costs for businesses and consumers alike.
  • Support for Importers: He has also promised to eliminate the Ghana Health Service Disinfection Fee on imports and exports, abolish all taxes and charges on the importation of spare parts within two years of establishing a Government of National Unity, and review and consolidate all statutory fees on imports under a new Cash Waterfall mechanism. These measures are designed to alleviate the financial burden on importers and support the automotive and manufacturing sectors.

Mr. Kyerematen’s proposed tax reforms are aimed at streamlining the tax system, reducing the tax burden on businesses and individuals, and promoting economic growth and competitiveness. If elected, he intends to prioritize these measures to create a more conducive environment for trade and investment in Ghana.

“The trading community is a critical component of the Ghanaian economic architecture, and all efforts must be deployed to make them competitive,” Mr. Kyerematen concluded.

The proposed reforms, if implemented, could have a significant impact on Ghana’s economic landscape, potentially attracting more foreign investment and boosting domestic businesses.

As the December 7 polls approach, Mr. Kyerematen’s tax reform agenda is likely to be a key issue for voters and could shape the future direction of Ghana’s economy.

RelatedPosts

BoG Halts GCB Bank Dividend Payment Over Regulatory Breach

How an Idle Land Tax Could Build 10,000 Homes in 5 Years

Thibaut Courtois Accuses La Liga of ‘Manipulation’ Amid Protests Over Miami Fixture

Tags: Alan KyeremantenECOWASghanaGhana to have the lowest tax regime in ECOWAS - Alan Kyeremanten vows
No Result
View All Result

Highlights

Historic Bid: U.S. Joins Forces with Mexico, Costa Rica, and Jamaica for 2031 Women’s World Cup

Bank of Ghana Sells GHS 7.0bn in 56-Day Bills at 21.46% Interest Rate

Deputy Finance Minister Hints 2026 Budget to Prioritise Fiscal Discipline and Job Creation 

FirstBank and Coronation Insurance Strengthen Partnership to Deliver Greater Value to Customers

Specialised Financial Courts to Prosecute Persons Indicted in Auditor General’s Annual Report, Says President Mahama

Top 50 Mining Companies Surge to New Record Near $2 Trillion Valuation

Trending

Banking & Finance

BoG Halts GCB Bank Dividend Payment Over Regulatory Breach

October 21, 2025

BoG Halts GCB Bank Dividend Payment Over Regulatory Breach Shareholders of GCB Bank PLC may have to...

How an Idle Land Tax Could Build 10,000 Homes in 5 Years

October 21, 2025

Thibaut Courtois Accuses La Liga of ‘Manipulation’ Amid Protests Over Miami Fixture

October 21, 2025

Historic Bid: U.S. Joins Forces with Mexico, Costa Rica, and Jamaica for 2031 Women’s World Cup

October 21, 2025

Bank of Ghana Sells GHS 7.0bn in 56-Day Bills at 21.46% Interest Rate

October 21, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.