The CEO of the Ghana Chamber of Commerce and Industry, Mark Badu Aboagye, has expressed mixed reactions to the government’s VAT reform plans outlined in the 2025 budget.
Speaking on Joy News’ PM Express Business Edition on Thursday, March 13, he acknowledged some positive steps but criticized the uncertainty surrounding VAT reform timelines and the prolonged burden on businesses.
“For me, it is a good start. Obviously, just like any normal budget, there will be some opportunities and there will be some inherent risks,” he stated.
He noted that while certain policies in the budget aim to improve the business environment and enhance productivity, the tax structure remains a major concern.https://www.youtube.com/embed/fFvfpfM02YE?si=pZusX0fcTMdT4lOT
Mr Badu Aboagye particularly criticised the now-removed E-Levy, calling it “undoubtedly the most nuisance tax that I’ve ever seen in this country.”
He argued that the levy distorted both consumption and production, making it an obstacle to business growth.
“We raised concerns on the very day that the E-Levy was introduced. We clearly indicated that it’s not going to help business.
