A pre-budget survey by auditing and accounting firm KPMG reveals that the country could lose about GH¢6.4 billion in revenue if the government cancels the Covid-19 levy and the E-levy in the 2025 budget.
This was stated in KPMG’s 2025 Pre-Budget Survey submitted to the Finance Ministry.
According to the survey, some respondents recommended leveraging technology as a key initiative to help close the shortfall in government revenue.
“KPMG notes that abolishing the E-levy and Covid-19 levy could result in a revenue shortfall of at least GH¢6.4 billion.
“Beyond the revenue measures proposed by respondents, the government should also leverage technology to enhance property rate administration and collection, as well as review taxation within the digital and e-commerce sectors. Additionally, strengthening public financial management systems, closing loopholes in public procurement, and reducing wasteful spending are critical to improving fiscal sustainability,” the report stated.
The firm also emphasized that for Ghana’s proposed 24-hour economy to succeed, it should focus on industries that naturally thrive with round-the-clock operations, increased consumer demand, and global market competitiveness. These industries include manufacturing, transport and logistics, healthcare, retail and hospitality, and digital services.
Most respondents in the survey believed that new policy initiatives in the budget could serve as a foundation for economic recovery.
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