Tax conversion causes Ghana to slip four places in latest World Bank doing business report


The latest World Bank Doing Business report issued on Thursday saw Ghana scoring 60 to fall four places to 114, compared with the 118 places it secured last year.

Ghana’s drop the World Bank said, was occasioned by the government’s action which made tax payment more complicated, by converting the Ghana Education Trust Fund (GETFund ) and National Health Insurance Fund (NHIS) levies to straight taxes.

The study, which was carried out in 190 countries, however, lauded Ghana for making “getting electricity faster by improving the review process, and increasing the availability of equipment for new electricity connections.”

The World Bank Ease of Doing Business, which is a forward-looking report, in 2019 ranked Ghana at 114 with a score of 60.4. Enditem

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