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Ghana to lose GH¢6.4 billion if government scraps electronic, COVID-19 levies – KPMG survey

Ghana stands to lose about GH¢6.4 billion in revenue if the government cancels the COVID-19 and the E-Levy taxes in the 2025 budget.

That’s according to a pre-budget survey by auditing and accounting firm, KPMG.

This was stated in its 2025 Pre-Budget Survey submitted to the Ministry of Finance.

“KPMG notes that abolishing the E-Levy and COVID-19 Levy could result in a revenue shortfall of at least GH¢6.4 billion.

“Beyond the revenue measures proposed by respondents, the government should also leverage technology to enhance property rate administration and collection, as well as review taxation within the digital and e-commerce sectors. Additionally, strengthening public financial management systems, closing loopholes in public procurement, and reducing wasteful spending are critical to improving fiscal sustainability,” it said.

The firm also stated that for Ghana’s 24-Hour Economy to succeed, it should focus on industries that naturally thrive with round-the-clock operations, increased consumer demand, and global market competitiveness such as manufacturing, transport and logistics, healthcare, retail and hospitality, and digital services.

Most of the respondents in the survey believed that the new administration policy initiatives that will be in the budget can be the base for recovering the economy.

Source: www.ghanaweb.com

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

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