The Ghana National Chamber of Commerce and Industry (GNCCI) has renewed its call for government to simplify and consolidate the country’s complex tax system to reduce the cost of doing business.
According to the Chamber, adopting a single and transparent Value Added Tax (VAT) rate would promote tax compliance and lessen the administrative burden on companies. It also urged government to lower existing tax rates, which have contributed to rising production costs across industries.
Speaking at the Chamber’s 49th Annual General Meeting, GNCCI President Stephane Miezan highlighted several proposals, including the removal of the COVID-19 levy, which he said has “outlived its purpose.” He also advocated for turnover- and employment-based corporate tax thresholds, the elimination of VAT on insurance premiums to improve access for households and SMEs, and a three-year tax holiday for startups to encourage entrepreneurship and job creation.
Although the government has indicated plans to reform the tax structure under the 2026 Budget as part of its IMF-backed fiscal consolidation programme, the GNCCI stressed that the reforms must move beyond revenue mobilisation to include practical measures that stimulate economic growth and support local businesses.
The Chamber’s call aligns with wider private sector demands for a more predictable, business-friendly tax environment to bolster Ghana’s recovery and employment drive.
Source: myghanadaily
