Ghana's Finance Ministry has revealed that the country lost GHȼ4.6 billion to tax expenditures in 2023-a 4.2% drop from the GHȼ4.8 billion recorded in 2022.
While the decline suggests a modest improvement, the scale of these exemptions-particularly import waivers-continues to raise concerns about Ghana's fiscal health and revenue mobilization efforts.
Where Did the Money Go?
Tax expenditures refer to revenues forgone due to preferential tax treatments.
