IMF Negotiations, the Economic Variables, and Previous Tax Policies to Influence 2023 Budget for Revenue Measures | ILAPI

The 2015 national budget and fiscal policy proposed new tax policies and revenue measures to meet the agreed 3-year Extended Credit Facility Arrangement with the Fund. As captured in the 2015 national budget and fiscal policy of the Ghana government and the IMF Country Report 2015, these were some of the new tax policies and reviews of then-existing tax policies: the imposition of a special petroleum tax of 17.5%; the implementation of the VAT on fee-based financial services; 5% flat rate on real estate; the extension of the special import levy of 1–2% on some imported goods to 2017, increase the withholding tax on Directors' remuneration from 10% to 20% and the implementation of national fiscal stabilization.