Ghana abandons VAT rise
Ghana has confirmed that it will not go ahead with the previously proposed VAT rise. It had been announced in February that it would rise from 15% to 17%. This includes a proposal to reintroduce VAT on financial services.
The rate was last increased from 12.5% to the current 15% in January 2014. Last year, the government introduced a 3% flat rate for small companies.
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