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Corporate Commercial 
2025 Outlook

Looking ahead for 2025, the election of a new Government introduces fresh dynamics to Ghana’s policy landscape. The new administration has outlined ambitious priorities, including revising the tax regime by proposing the removal of certain taxes. Beyond taxes, the Government has signalled a strong commitment to advancing the concept of a 24-hour economy to drive productivity. These policies are expected to have far-reaching implications for businesses and the broader economic environment.

 

We anticipate the introduction of the Labour Bill to Parliament, which could bring significant reforms to employment practices in the country. The unfolding legislative and policy priorities of the new Government, including the development of a road map to address Ghana’s digital landscape, will play a critical role in shaping the country’s economic outlook in the year ahead. Our outlook for 2025 is below.

Tax

The Government intends to introduce a comprehensive reform plan to revise several tax and levy structures, including the removal of the 1% E-levy on electronic transfers, the 1% COVID levy and 10% levy on bet winnings in its first 90 days in office. Additionally, there are plans to reassess taxes and levies on vehicles and equipment imported into the country for industrial and agricultural activities.

 

24 Hour Economy

The 24-Hour Economy Policy is a new initiative by the Government aimed at accelerating Ghana’s economic growth by enabling businesses and public institutions to operate continuously in three 8-hour shifts. This policy is designed to focus on selected public institutions with high customer traffic, including Ports and Harbours, Customs, the Passport Office and Driver and Vehicle Licensing. The strategy also prioritises critical sectors such as manufacturing, retail and agro-processing. The policy’s primary objectives are to boost employment, enhance productivity and improve access to key public services.

 

The Government proposes tax incentives to reduce operational costs for participating businesses, financing support through the Ghana Exim Bank to boost production in agro-processing and manufacturing as well as investments for viable SMEs in priority value chains to stimulate growth, create jobs and enhance economic development.

 

Labour

The Government plans to reform Ghana’s labour sector with a focus on job creation and improved workplace standards. Key initiatives include enhancing the Ghana Labour Market Information Systems to provide accurate data on unemployment and skill gaps for better decision making, and ratifying the International Labour Organisation’s Termination of Employment Convention, 1982 (No. 158). Workplace safety will be prioritised through updates to the Factories, Offices and Shops Act, 1970 (Act 328) while a Bilateral Labour Migration Framework will create opportunities for Ghanaians to work abroad and return with skills to support national development.

 

The Government is expected to revisit a draft labour bill developed by the previous administration, which includes expanded provisions on termination, employee migration under bilateral agreements, paternity and compassionate leave, maternity leave revisions, employer record-keeping and regulations for private employment agencies. These reforms aim to address gaps in the labour market, enhance workplace protections and support workforce development.

 

Travel

On 18 December 2024, the previous Government granted executive approval for visa-free entry into Ghana for all African nationals. The new administration will undertake a review of the policy to determine its implementation.

 

Data Costs

The Minister for Communications and Digitalisation has inaugurated an Inter-Agency Data Pricing Committee to develop a road map aimed at reducing data costs in Ghana. The committee, comprising representatives from key stakeholders, will evaluate current pricing models and propose recommendations for more affordable data services to promote digital inclusion and economic growth. This initiative underscores the Government’s commitment to ensuring transparency in data pricing mechanisms and bridging the digital divide.

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