Ghana to extend Value Added Tax base

Mon 15th Jul 2013

Following a recommendation by the International Monetary Fund, Ghana is set to extend the net of goods and services which will be liable to Value Added Tax.

These may include:

  • Financial services, including insurance policies and banking
  • Books, newspapers and postage
  • Medical supplies

The current Ghanaian VAT rate is 16%.  Any new changes to the VAT net would come into effect in 2014.