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Government And IMF Talk About An Alternative To The Power VAT Suspend

The value-added tax (VAT) that was planned for energy has been halted, but the International Monetary Fund (IMF) says it is working with the government to find another way to fill the revenue gap in Ghana.

Government And IMF Talk About An Alternative To The Power VAT Suspend
The government and IMF Talk About An Alternative To The Power VAT suspension

The International Monetary Fund (IMF) expressed worry about the issues raised by the tax’s implementation and its potential impact on individuals, households, businesses, and society at large.

During a recent visit to Ghana, Kristalina Georgieva, the Managing Director of the IMF, disclosed this to a group of selected media.

She stated that her organization would come to a mutually advantageous decision that would close the debt gap while preserving economic gains.

“We understand that the people in Ghana have been impacted, and for the low-income household, any additional cost is a problem that is very difficult to bear.

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