Telecom Companies Make GHS 9.8 Billion Payment in Taxes to Gov’t for 2023
The Ghana Chamber of Telecommunications has announced that telecommunications companies contributed over GHS 9.83 billion in taxes and related payments to the government in 2023.
This marks a significant 30% increase from the GHS 6 billion recorded in 2022 and accounts for approximately 7.38% of Ghana’s total revenue for 2023.
Speaking at the launch of the Transparency Initiative Report, Chief Executive Officer of the Telecom Chamber, Dr. Kenneth Ashigbey, underscored the industry’s economic significance, highlighting the critical role of the telecom sector in the nation’s economy.
“Telecom chambers are really contributing massively to Ghana’s economy. As we can see, these taxes paid to the government represent progressive contributions,” Dr. Ashigbey stated.
Providing further details, he added, “If you put together the total taxes we bear and other remittances to government agencies, the total amounts to GHS 9.8 billion in 2023, forming about 7.4% of government’s total revenue.”
Employment and Broader Impact
The report also highlighted the sector’s role in job creation, revealing that 2,464 direct jobs were provided in 2023.
This figure, however, represents a slight decline compared to the 2,600 jobs recorded in 2022.
The Transparency Initiative Report, jointly published by the Ghana Telecommunications Chamber and the Electronic Money Issuers Chamber of Ghana, provides a detailed overview of the telecom industry’s economic contributions.
The telecom sector’s financial and employment contributions underscore its strategic importance to Ghana’s economic development, with calls for continuous support to further enhance its impact.
