President John Dramani Mahama has formally assented to the COVID-19 Health Recovery Levy Repeal Act, 2025, successfully scrapping the only p.c levy that was once imposed on items, services and products and imports on the top of the COVID-19 pandemic.

The President signed the repeal on Wednesday, December 10, clearing the best way for the levy’s whole removing starting January 2026.

The repeal marks an important coverage shift geared toward easing the price burden on shoppers and companies, a lot of whom had lengthy advocated for the levy to be scrapped.

Introduced in 2021 as a part of Ghana’s pandemic restoration measures, the levy was once designed to fortify govt efforts in restoring well being techniques, financing COVID-19 expenditures and rebuilding fiscal buffers.

With the rustic’s well being and financial signs appearing secure growth, govt officers say the repeal aligns with broader plans to stimulate financial job and fortify family spending.

More quickly….

DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by means of Readers and Contributors in this platform don’t essentially constitute the perspectives or coverage of Multimedia Group Limited.

DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by means of Readers and Contributors in this platform don’t essentially constitute the perspectives or coverage of Multimedia Group Limited.