The Government of Ghana submitted its 2022 budget plan, including various tax policies to be implemented next year, to the DPR. Ghanaian Finance Minister Ken Ofori-Atta presented the state budget plan, including tax policy. According to him, the budget plan is directed to support efforts to recover the economy after the Covid-19 pandemic. "To reduce the impact of Covid-19, the government has hired an additional 38,000 nurses, waived employee taxes of up to GHS36.8 million, and provided free water and electricity to millions of households," he said Tuesday (11/30/2021).

Next year, there are 6 priority areas for Ghana's budget, namely Covid-19 vaccination, economic revitalization and transformation, fiscal consolidation, entrepreneurial creation, and various social interventions such as job training, public housing development, and so on.

The government has also launched several policies in the field of taxation. First, the exemption of VAT on certain textile products. This is expected to increase the profits of business actors and expand their production.

Second, reviewing the reduction in import duty rates on all goods. The goal is that the policy of reducing import duty tariffs that are currently in effect can be more efficient and on target.

Third, the reduction of the VAT rate on gold sales from unprocessed miners from 3% to 1.5%. Fourth, the creation of a property tax administration platform in 2022 with the hope of increasing tax revenue and tax administration accountability.

Fifth, the imposition of electronic user fees on all electronic transactions, such as bank transfers and digital payments. The levy rate is 1.75%. The government is optimistic that these various policies can accelerate the recovery of the national economy.