Professional services firm Deloitte has weighed in on Ghana’s 2025 Budget Statement, emphasizing the delicate balance between macroeconomic stability and economic growth that the government seeks to achieve.
In its analysis, Deloitte acknowledged the government’s focus on revenue mobilization but cautioned that the removal of certain taxes—such as the E-Levy, betting tax, and emission levy—poses a significant risk to meeting revenue targets.
“While the revenue-enhancing measures proposed to cover the potential shortfalls from the taxes to be scrapped are commendable, we recommend extensive stakeholder engagement with businesses that will be impacted to ensure the government obtains their buy-in and commitment ahead of implementation,” Deloitte stated.Deloitte also highlighted potential risks associated with the increased Growth and Sustainability Levy for mining companies, warning that if not properly managed, the tax hike could stifle growth in the extractive sector.
The government’s plan to reintroduce road tolls with a technology-driven toll administration system also caught Deloitte’s attention.
“While the proposal to introduce technology to improve efficiency is commendable, we recommend that the reintroduction of the road tolls be guided by a comprehensive cost-benefit analysis to ensure that the revenue generated justifies the investment in administration,” Deloitte advised.Beyond new revenue measures, Deloitte stressed the need to expand the tax net to cover Ghana’s vast informal sector, citing its significant untapped revenue potential.
“In this regard, we believe the use of technology, tax education, and compliance reforms will be key to achieving this objective,” Deloitte added.