Friday, 22 September

Akufo-Addo begs Ghanaians to keep paying 'unpopular' Covid levy despite end of pandemic – ‘Bear with us', he pleads

Nana Addo Dankwa Akufo-Addo

President Nana Akufo-Addo has pleaded with Ghanaians to keep paying the Covid-19 levy despite the pandemic being over.

In his last Covid update on Sunday, 28 May 2023, the president said: "The COVID Health Recovery Levy that was introduced to help fill some of the expenditure holes might not be the most popular tax, but I entreat all of you to bear with us".

The president signed the Act into law on 32 March 2021 following its passage by parliament.

The law imposed the special levy on the supply of goods and services and imports to raise revenue to support Covid-19 expenditures and to provide for related matters.

Within 8 months of coming into implementation, the levy accrued GH¢773.93 million, according to fiscal data released by the Ministry of Finance on 22 April 2022.

It was 12.7 per cent lower than the budget target of GH¢889.07 million.

In 2021, expenditures on Covid-19 and related issues, totalled more than GH¢2.8 billion.

In his address, the president also said the Covid Trust Fund has performed an "invaluable service" but "has reached the end of its mandate" following the end of the pandemic.

"I thank the trustees as well as all donors and contributors to the fund", the president appreciated.