Ghana’s Minister of Finance, Ken Ofori-Atta, yesterday July 29, 2019 whiles reading the Mid-year Budget Review indicated that, Government intends to adjust the Communication Service Tax (CST) introduced in 2008 upwards.
According to him, the Communication Tax will be increased by nine percent to develop the foundation for the creation of a viable technology ecosystem in the country.
This he said, will comprise putting in systems to identify and combat cybercrime, protect users of information technology and combat money
laundering and other financial crimes.
“The increase will not be earmarked,
however, the sharing ratio will be adjusted in such a manner that the national youth employment programmes continue to receive the same proportions as they are currently receiving,” he said.
He added that Government also intends to adjust the Road Fund Levy, the Energy Debt Recovery Levy; and the Price Stabilisation and Recovery Levy upwards to help bridge the financing requirements.
The Communication Service Tax (CST)
introduced in 2008 is a tax levied on
charges payable by consumers for the use of communication services.
StephanieHorsu/techvoiceafrica.com
