CST reduced from 9%-5%
The government of Ghana has reduced the Communication Service Tax (CST) from 9% to 5%.
The Minister of Finance Ken Ofori-Atta disclosed this in the mid-year budget presentation.
The move will see the cost of calls and data reduced, the minister said forms part of measures being rolled out by the government in the wake of the COVID-19 pandemic.
He said: ”Mr. Speaker, with the policy to promote digitalisation as a major policy intervention in the Ghana CARES Programme to catalyse economic activities and promote growth, as well as the increasing use of communication services as a result of the impact of the COVID-19 pandemic, it is proposed that the Communication Service Tax be reduced from 9 percent to 5 percent, effective September 2020.
It is anticipated that this policy measure will provide some relief to households and businesses in the procurement of communication services such data and airtime as part of measures to mitigate the impact of the COVID-19 pandemic and promote digitalisation,” he added.
By: Rashid Obodai Provencal