In response to the concerns raised by Organised Labour regarding implementing Value Added Tax (VAT) on the consumption of electricity by residential customers, the Ministry of Finance has issued a statement.
On 30th January 2024, the Ministry acknowledged the concerns of Organised Labour and says it will address the issue through extensive dialogue with key stakeholders in the coming weeks. This approach aims to ensure stakeholder buy-in and foster a constructive environment for resolution.
Emphasising on the importance of cooperation, the ministry appealed to Organised Labour, the Electricity Company of Ghana (ECG), Northern Electricity Distribution Company (NEDCO), and all other stakeholders to exercise restraint and engage in a collaborative dialogue.
Furthermore, the ministry highlighted the nation’s progress in implementing the post-Covid-19 Programme for Economic Growth (PC-PEG), mentioning achievements such as surpassing growth targets, decreasing inflation, improving fiscal and external positions, maintaining a stable exchange rate, and reducing the Monetary Policy Rate.
The government reaffirmed its commitment to working with all stakeholders to sustain these gains, promoting macroeconomic stability, and fostering inclusive growth.
