Ghana to Abolish Several Taxes and Implement VAT Reform as Part of 2025 Budget

Ghana's Ministry of Finance has published the 2025 Budget Speech, which was delivered in parliament on 11 March 2025. Tax measures announced as part of the budget include the following:

• The 10% withholding tax on lottery winnings, otherwise known as the "Betting Tax", will be abolished;
• The Electronic Transfer Levy (E-Levy) of 1% will be abolished;
• The Emission Levy on industries and vehicles will be abolished;
• The 1.5% withholding tax on income from the sale of unprocessed gold by small…