Deloitte describes 2025 Budget as business friendly
Professional services firm, Deloitte has welcomed the tax reforms in the 2025 Budget Statement and Economic Policy, describing it as business-friendly.
According to the Country Managing Partner, Daniel Kwadwo Owusu, the budget sets a good tone for business transformation as the economy rebounds.
He was speaking with Joy Business on the sidelines of the Deloitte Economic Dialogue in Accra.
The dialogue unpacked key policy measures in the budget for many stakeholders to make input and suggestions for implementation.
An overall analysis by Deloitte revealed that the budget is well accepted by the business community and a response to the cry of many.
The Economic Advisor to the President, Seth Terkper, used the occasion to signal some reviews in the tax refund system to attract more people into the tax net.
Speaking on behalf of industries, the Chief Executive of the Association of Ghana Industries, Seth Twum Akwaboah, made a case for the government to take a second look at extending the sunset clause on some tax handles.
“We often see some of these taxes changed into different names with sunset clauses but we don’t normally see the government taking it out of the system”.
“In actual fact, the sun never sets and businesses are made to continue paying. This is a concern to us and I think the government must take a second look at that”, he added. The dialogue was under the theme “Ghana’s Economic Transformation Agenda; Key Considerations for a successful Reset.
