2018 Budget Commentary and Tax Highlights
Putting Ghana Back to Work
Ghana's Minister of Finance, Ken Ofori-Atta, presented the 2018 budget statement and economic policy to Parliament on Wednesday, 15 November 2017. The common theme across various proposals of the 2018 budget reviving businesses with an aim to "energize entrepreneurial spirit in every Ghanaian".
Highlights of Value Added Tax (Amendment) Act, 2017 (Act 948)
The amended Value Added Tax (Amendment) Act, 2017 (Act 948) gives legal backing to a new VAT Flat Rate Scheme (VFRS) that will facilitate collection of VAT & National Health Insurance Levy (NHIL) on the supply of goods by wholesalers and retailers;