The government has announced plans to introduce a COVID-19 Health Levy of one per cent on VAT and other levies. This forms part of revenue measures to mitigate the devastating impact of the novel coronavirus. The pandemic has caused additional health spending that far exceeded the annual budget for health sector. Ghana is estimated to have lost GHC13.6 billion in revenues as a result of the pandemic. The majority leader said the levies will be used for the procurement of vaccines and establishment of 14 medical waste treatment facilities. The government is set to present the 2021 budget statement and economic policy on Friday. The Minister for Parliamentary Affairs made this known on Friday in a statement. He said the tax will also assist in the construction of 33 major health projects, the recruitment of more health professionals and agenda 111.
It is also another programme aimed at stabilising, revitalizing and transforming Ghana’s economy over a three-year period. The programme is sequenced in two phases; a stabilisation phase that runs from July 2020 to December 2020 and a medium-term revitalisation phase from 2021-2023.