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Estimated financial shortfalls due to the impact of (COVID-19) on tax revenue in Ghana (in million Ghanaian cedis)

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Sources

Release date

April 2020

Region

Ghana

Survey time period

April 2020

Supplementary notes

Figures are estimated.

Citation formats

Financial shortfalls from the impact of COVID-19 on tax revenue in Ghana 2020

Published by Zeynep Dierks, Jan 25, 2021
As of April 2020, Ghana had suffered some economic impacts from the coronavirus (COVID-19) pandemic. Tax revenue was equally affected, registering a shortfall of *** million Ghanaian cedis (GHS) (approximately *** million U.S. dollars) in import duties, and nearly *** billion (around *** million U.S. dollars) in non-oil tax revenue. Overall, as of the second quarter of 2020, the provisional and programmed non-oil tax revenue of the government stood at around *** and **** billion GHS (roughly *** and *** billion U.S. dollars), respectively. Moreover, as of the same quarter, international trade taxes stood at *** billion GHS (nearly *** million U.S. dollars) in Ghana.
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