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Ghana enacts Financial Sector Recovery Levy and introduces other tax reforms

26 April 2021

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Tax Alerts, Legislation & Policy, National/Federal Taxation, Banking & Capital Markets

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Ghana

Executive summaryGhana’s Parliament has enacted the Financial Sector Recovery Levy Act, 2021, Act 1067 (the Levy). This Levy was passed as part of the various tax measures introduced by the Government in the 2021 Budget Statement and Economic Policy (the 2021 Budget) to raise revenue to support the financial sector reforms and for other matters.This Alert summarizes key aspects of the Act.Detailed discussionThe Parliament of Ghana has enacted the Financial Sector Recovery Levy Act, 2021, Act 1067 in line with the various measures introduced by the Government in the 2021 Budget to rebuild Ghana’s public finances. The Act was gazetted...