{"id":66151,"date":"2024-02-05T18:21:21","date_gmt":"2024-02-05T18:21:21","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/?p=66151"},"modified":"2024-02-05T16:27:41","modified_gmt":"2024-02-05T16:27:41","slug":"government-reportedly-withdraws-15-vat-on-electricity","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/government-reportedly-withdraws-15-vat-on-electricity","title":{"rendered":"Government reportedly withdraws 15% VAT on electricity"},"content":{"rendered":"

Africa-Press – Ghana. <\/strong><\/span>Cabinet has decided to withdraw the controversial 15% VAT on electricity subject to further engagement with the IMF.<\/b><\/p>\n

The proposal has proved very unpopular with Organised Labour, civil society and sections of the Ghanaian society.<\/p>\n

Organised Labour has threatened a nationwide industrial action if the tax is not withdrawn.<\/p>\n

We\u2019ll advise ourselves if you don\u2019t withdraw VAT on electricity by Jan. 31 \u2013 TUC tells govt<\/p>\n

Government justified the imposition of the tax as a measure to raise revenue to clear the energy sector debt in a bid to boost the viability of the sector.<\/p>\n

However, TV3 understands government may have been forced to backtrack due to the mounting pressure from Labour and other stakeholders. A demonstration has been planned the Trade Union Congress on February 13 against the measure.<\/p>\n

Withdraw VAT on electricity \u2013 TUC tells govt<\/p>\n

And there has been bi-partisan calls for the tax to be dropped. National Democratic Congress candidate John Mahama said it would add to what he said is the hardships of Ghanaians.<\/p>\n

Government to dialogue on electricity tax<\/p>\n

National Organizer of the New Patriotic Party (NPP), Henry Nana Boakye is reported to have said that the tax needs to be dropped, because it was among other things making the government unpopular in an election year. He added this was a position of the party.<\/p>\n

VAT on Electricity: ICU to join TUC strike if government goes ahead to implement<\/p>\n

Government now has to engage the IMF, in areas of expenditure to be restructured within the existing budget to ensure that scrapping the tax will not result in a huge revenue shortfall that will throw the budget off balance.<\/p>\n

For More News And Analysis About Ghana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Ghana. Cabinet has decided to withdraw the controversial 15% VAT on electricity subject to further engagement with the IMF. The proposal has proved very unpopular with Organised Labour, civil society and sections of the Ghanaian society. Organised Labour has threatened a nationwide industrial action if the tax is not withdrawn. We\u2019ll advise ourselves […]<\/p>\n","protected":false},"author":84,"featured_media":66150,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[5092,5096,429],"class_list":["post-66151","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-ghana","tag-ghana"],"yoast_head":"\nGovernment reportedly withdraws 15% VAT on electricity - Ghana<\/title>\n<meta name=\"description\" content=\"Cabinet has decided to withdraw the controversial 15% VAT on electricity subject to further engagement with the IMF.< ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/ghana\/all-news\/government-reportedly-withdraws-15-vat-on-electricity\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Government reportedly withdraws 15% VAT on electricity\" \/>\n<meta property=\"og:description\" content=\"Cabinet has decided to withdraw the controversial 15% VAT on electricity subject to further engagement with the IMF.< ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ghana\/all-news\/government-reportedly-withdraws-15-vat-on-electricity\" \/>\n<meta property=\"og:site_name\" content=\"Ghana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-05T18:21:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/02\/sm_1707137455.700628.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"768\" \/>\n\t<meta property=\"og:image:height\" content=\"409\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/government-reportedly-withdraws-15-vat-on-electricity#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/government-reportedly-withdraws-15-vat-on-electricity\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Government reportedly withdraws 15% VAT on electricity\",\"datePublished\":\"2024-02-05T18:21:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/government-reportedly-withdraws-15-vat-on-electricity\"},\"wordCount\":289,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/government-reportedly-withdraws-15-vat-on-electricity#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/02\/sm_1707137455.700628.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Ghana\",\"ghana\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/ghana\/all-news\/government-reportedly-withdraws-15-vat-on-electricity#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/government-reportedly-withdraws-15-vat-on-electricity\",\"url\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/government-reportedly-withdraws-15-vat-on-electricity\",\"name\":\"Government reportedly withdraws 15% VAT on electricity - 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