{"id":139508,"date":"2024-01-16T08:32:37","date_gmt":"2024-01-16T08:32:37","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/01\/16\/15-vat-on-electricity-to-help-government-pay-energy-sector-debts-agyapa-mercer\/"},"modified":"2024-01-16T08:32:37","modified_gmt":"2024-01-16T08:32:37","slug":"15-vat-on-electricity-to-help-government-pay-energy-sector-debts-agyapa-mercer","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/01\/16\/15-vat-on-electricity-to-help-government-pay-energy-sector-debts-agyapa-mercer\/","title":{"rendered":"15% VAT on electricity to help government pay energy sector debts &#8211; Agyapa Mercer"},"content":{"rendered":"<br><div id=\"article-text\">\n                        \n\n                        \n<p class=\"wp-block-paragraph\">The government has outlined the rationale for the imposition of a 15 percent VAT on electricity consumption. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This measure is part of government&#8217;s COVID-19 recovery program, aiming to generate additional revenue.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Deputy Energy Minister Agyapa Mercer speaking in an interview with Citi FM on Monday, January 15, emphasised that while it was a challenging decision.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, he said, it is necessary to settle debts owed to independent power producers.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\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.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">There are growing calls from the Minority and energy experts for the reversal of the Value Added Tax imposed on some categories of residential electricity consumers.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In a letter communicating the Finance Ministry&#8217;s policy to the Public Utility Regulatory Commission, Finance Minister Ken Ofori Atta states that any electricity consumption above lifeline units will attract the value-added levy.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The ministry explains that the move is part of the government\u2019s Covid-19 recovery programme. <\/p>\n\n                <p><strong>DISCLAIMER: <\/strong>The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.<\/p>      \n                <!-- Post Tags -->\n                \n\n                        \n\n    \n                                 \n                                             \n                    <\/div>\n","protected":false},"excerpt":{"rendered":"<p>The government has outlined the rationale for the imposition of a 15 percent VAT on electricity consumption. This measure is part of government&#8217;s COVID-19 recovery program, aiming to generate additional revenue. Deputy Energy Minister Agyapa Mercer speaking in an interview with Citi FM on Monday, January 15, emphasised that while it was a challenging decision. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":13086,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-139508","post","type-post","status-publish","format-standard","has-post-thumbnail","category-politics"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>15% VAT on electricity to help government pay energy sector debts - Agyapa Mercer - 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\/15-vat-on-electricity-to-help-government-pay-energy-sector-debts-agyapa-mercer\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"15% VAT on electricity to help government pay energy sector debts - Agyapa Mercer - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"The government has outlined the rationale for the imposition of a 15 percent VAT on electricity consumption. This measure is part of government&#8217;s COVID-19 recovery program, aiming to generate additional revenue. Deputy Energy Minister Agyapa Mercer speaking in an interview with Citi FM on Monday, January 15, emphasised that while it was a challenging decision. 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