In a bold move to ease the financial burden on Ghanaians, the 2025 Budget has scrapped three major levies the E-Levy, 10% betting tax, and COVID-19 levy. These tax cuts aim to promote digital transactions, support economic recovery, and reduce the cost of living. While the government faces a revenue shortfall of GHS 6.37 billion, it plans to offset this by improving tax collection and expanding the tax base. Will this strategy spark economic relief or create new fiscal challenges? This article breaks down the impact of these key policy changes.
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