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Ghana 2021 Budget Statement and Economic Policy Delivered Including Additional COVID-19 Support Measures and New Levies

24 March 2021

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Approved Changes

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Ghana

Ghana's Ministry of Finance has announced the 2021 Budget Statement and Economic Policy, which was delivered in parliament on 12 March 2021. With respect to revenue measures, the Budget includes that the government will be rolling out additional COVID-19 support measures, including: A tax rebate equal to 30% on the income tax due for companies in the hotel and restaurant, education, arts and entertainment, and travel and tour sectors for the second, third, and fourth quarters of 2021; The suspension of quarterly income tax installment payments for the second, third, and fourth quarters of 2021 for small businesses using the...