Gov’t suspends implementation of 15% VAT on Electricity

The Ministry of Finance has suspended the planned implementation of 15% VAT on Electricity.

This comes on the back of Trades Union Congress (TUC) and 35 organised labour unions’ announcement to embark on a demonstration on February 13.

In a bid to walk the talk Organized Labour has officially written to the Police to demonstrate in all the sixteen regions.

“This letter serves as the official notification of our decision to embark on a demonstration in all the 16 regional capitals of Ghana on Tuesday, 13th February, 2024,” the General Secretary of Trade Union Congress (TUC) Mr. Yaw Baah stated in the letter addressed to the Inspector General of Police, Dr. George Akuffo Dampare.

However, in a statement issued by the Public Relations Unit of the Finance Ministry said it has halted the intended implementation for further engagements.

“On behalf of the government, MoF would like to inform ECG and NEDCO to suspend the implementation of the VAT directive pending further engagement with key stakeholders including organized labour.

“The ministry expects that engagement will birth innovative, robust and inclusive approaches to bridging the existing fiscal gap, while bolstering economic resilience,” the Ministry assured.