A recent pre-budget survey conducted by global auditing and advisory firm KPMG, has revealed that the government could forfeit approximately GH₵6.4 billion in revenue should it decide to abolish the Electronic Levy (E-Levy) and the Covid-19 levy in the upcoming 2025 national budget.
The findings, contained in KPMG’s 2025 Pre-Budget Survey and presented to the Finance Ministry, underscore the critical role these levies play in sustaining national revenue.
Survey respondents emphasized the need for a strategic approach to mitigate the potential revenue shortfall. Key recommendations include the deployment of advanced technology to enhance tax collection efficiency and broaden the revenue base.
“KPMG notes that abolishing the E-Levy and Covid-19 levy could result in a revenue shortfall of at least GH₵6.4 billion,” the report stated.
“Beyond revenue measures, the government should leverage technology to optimize property rate administration and taxation within the digital and e-commerce sectors. Additionally, strengthening public financial management systems, closing loopholes in procurement, and curbing wasteful expenditures are essential for fiscal sustainability,” KPMG added.
In addition to revenue concerns, the report addressed the viability of Ghana’s proposed 24-hour economy. KPMG suggests that for this policy to succeed, the government must prioritize industries naturally suited to around-the-clock operations. These include manufacturing, transport and logistics, healthcare, retail, hospitality, and digital services.
A significant number of survey respondents expressed optimism that the policy initiatives expected in the 2025 budget could serve as a foundation for economic recovery, fostering growth and improving overall fiscal stability.
