{"id":139453,"date":"2024-01-16T06:59:59","date_gmt":"2024-01-16T06:59:59","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/01\/16\/govt-justifies-15-vat-imposed-on-electricity\/"},"modified":"2024-01-16T06:59:59","modified_gmt":"2024-01-16T06:59:59","slug":"govt-justifies-15-vat-imposed-on-electricity","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/01\/16\/govt-justifies-15-vat-imposed-on-electricity\/","title":{"rendered":"Govt justifies 15% VAT imposed on electricity"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Government has justified the 15 percent VAT it is imposing on electricity consumption.<\/p>\n<p>The government hopes to raise more revenue as part of its COVID-19 recovery program, and as part of the measures taken, directed the imposition of VAT on electricity.<\/p>\n<p>In a letter dated January 1, Finance Minister, Ken Ofori-Atta instructed the Electricity Company of Ghana (ECG) and the Northern Electricity Distribution Company (NEDCO) to apply the VAT to residential customers exceeding the maximum consumption level for lifeline units.<\/p>\n<p>Deputy Energy Minister, Andrew Agyapa Mercer says it was a difficult decision for the government, but it is necessary to do so to clear off debts owed to independent power producers.<\/p>\n<p>\u201cObviously, if you look at the scope of the tax and what it is intended to do\u2014raise revenue to meet some obligations of the government in the energy sector\u2014it will interest you to know that, as we speak, as of July 2023, the amount of money that we owe to the IPPs alone is in the region of GH\u00a21.7 billion.\u201d<\/p>\n<p>People, including the Director of Business Operations at Dalex Finance, Joe Jackson, criticised the government\u2019s decision to impose the VAT on consumers, describing it as harsh.<\/p>\n<p>Kofi Kapito, the Chief Executive Officer (CEO) of the Consumer Protection Agency, also described it as ridiculous.<\/p>\n<p>\u2014<\/p>\n<p><strong>Explore the world of impactful news with CitiNewsroom on WhatsApp!<\/strong><\/p>\n<p><strong>Click on the link to join the Citi Newsroom channel for curated, meaningful stories tailored just for YOU: https:\/\/whatsapp.com\/channel\/0029VaCYzPRAYlUPudDDe53x<\/strong><\/p>\n<p><strong>No spams, just the stories that truly matter! \ud83c\udf10\ud83d\udcf0 #StayInformed #CitiNewsroom #CNRDigital<\/strong><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Government has justified the 15 percent VAT it is imposing on electricity consumption. The government hopes to raise more revenue as part of its COVID-19 recovery program, and as part of the measures taken, directed the imposition of VAT on electricity. In a letter dated January 1, Finance Minister, Ken Ofori-Atta instructed the Electricity Company [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":139456,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-139453","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Govt justifies 15% VAT imposed on electricity - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/01\/16\/govt-justifies-15-vat-imposed-on-electricity\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt justifies 15% VAT imposed on electricity - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Government has justified the 15 percent VAT it is imposing on electricity consumption. The government hopes to raise more revenue as part of its COVID-19 recovery program, and as part of the measures taken, directed the imposition of VAT on electricity. 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