Ghana VAT rate increase Jan-2014

Ghana VAT rate increase
Ghana increased their VAT rate in January 2014, the standard rate which was 12.5%, moved to 15%, while the National Health Insurance Levy (NHIL) remains at 2.5%. This brings the total VAT on most goods to 17.5%. This was implemented as the government felt that the existing taxes government were collecting was nowhere near what they need as a country to build infrastructure and the economy. Continue Reading