• 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 Business

Gov’t to Scrap COVID-19 and NHIL Levies in Drive to Boost Business Confidence

1 month ago
in Business, Economy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
79
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

RelatedPosts

BoG Tightens Foreign Currency Import and Export Rules to Curb Money Laundering

BoG Reiterates Warning Against Unauthorised Foreign Exchange Transactions

GRA to Tax Cryptocurrency Gains as Authority Prepares Digital Tracking System

Gov’t to Scrap COVID-19 and NHIL Levies in Drive to Boost Business Confidence

Finance Minister, Dr Cassiel Ato Forson, has announced the planned removal of the COVID-19 Health Levy and the National Health Insurance Levy (NHIL), as the government moves to streamline its tax structure and foster a more business-friendly environment.

“These two levies have served their purpose and will be removed,” Dr Forson told Parliament during the presentation of the 2025 Mid-Year Budget Review. The levies, introduced during the peak of the COVID pandemic, were aimed at supporting public health financing but have since become targets for reform as part of broader fiscal adjustments.

The Finance Minister said the decision aligns with the administration’s efforts to stimulate demand, enhance private sector growth, and drive medium-term economic recovery. The planned removal of the levies is also seen as an important signal to businesses and consumers that the government is committed to improving the operating environment.

Tax Simplification and Growth Strategy

The decision comes amid ongoing reforms to Ghana’s value-added tax (VAT) regime, including the planned scrapping of the VAT Flat Rate Scheme in favour of a unified VAT rate structure. Together, the measures aim to simplify compliance, reduce distortions, and increase transparency within the tax system.

Dr Forson framed the tax overhaul as part of a broader strategy to restore macroeconomic stability and lay the foundation for sustained growth, as Ghana continues to meet its commitments under the IMF-supported Extended Credit Facility programme.

Tags: COVID-19 and NHIL LeviesGov't to Scrap COVID-19 and NHIL Levies in Drive to Boost Business Confidence

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Highlights

 Importers and Exporters Association Decries “Mafiarian” Auctions of Perishable Goods at Ghana’s Ports

Nigeria Leads as Africa’s Wealthiest Economies Lose Over 8,000 Millionaires in 10 Years

Financial Stocks Gain as Accra Bourse Slips on Prime Index Decline

Ghana in Talks With Nigeria Over Possible Barter Deal to Swap Gas for Electricity

Ghana set to Save $300m in Debt Restructuring Deal With IPPs – ACEP’s Ben Boakye Discloses

Morocco and Madagascar set up Historic CHAN Final in Nairobi

Trending

Banking & Finance

BoG Tightens Foreign Currency Import and Export Rules to Curb Money Laundering

August 27, 2025

BoG Tightens Foreign Currency Import and Export Rules to Curb Money Laundering The Bank of Ghana (BoG)...

BoG Reiterates Warning Against Unauthorised Foreign Exchange Transactions

August 27, 2025

GRA to Tax Cryptocurrency Gains as Authority Prepares Digital Tracking System

August 27, 2025

 Importers and Exporters Association Decries “Mafiarian” Auctions of Perishable Goods at Ghana’s Ports

August 27, 2025

Nigeria Leads as Africa’s Wealthiest Economies Lose Over 8,000 Millionaires in 10 Years

August 27, 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.