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International Business Times
International Business Times
World

Ghana Scraps IMF-linked 'Nuisance' Taxes

The tax cuts in Ghana come as the economic crisis that pushed the debt-laden country towards IMF financing continues apace (Credit: AFP)

Ghana's new government on Tuesday announced it was scrapping several Covid-era taxes introduced in an effort to secure IMF financing, citing the economic hardship placed on ordinary citizens.

Five taxes deemed "nuisance levies" by the current government -- including a one-percent levy on mobile money transfers and a value-added tax on motor vehicle insurance -- are being cancelled, Finance Minister Cassiel Ato Forson said, presenting the government's 2025 budget.

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