On Wednesday 19 November 2014 the Minister of Finance of the Republic of Ghana, Hon. Seth E. Tekper presented the 2015 Budget Statement and Economic Policy to Parliament. Tax policy and revenue administration reforms continue to be key fiscal policy drivers for 2015.
The tax policy measures in the 2015 Budget largely follows IMF recommendations disclosed in the 2014 Article IV Consultation — Staff Report. IMF issued a report detailing recommendations to the Government of Ghana regarding fiscal stability and deficit reduction. In line with the Government’s over-arching goal of revenue generation, we note that there have been significant changes in the areas of indirect taxes and administrative enhancements.