Member of Parliament for Old Tafo in the Ashanti Region, Vincent Ekow Assafuah, has condemned the decision by the Ghana Revenue Authority to impose a 15% VAT on non-life insurance premiums in Ghana.
The Ghana Revenue Authority in a post shared via social media said "Important Update: Starting July 1, 2025, a 15% VAT will be applied to non-life insurance premiums in Ghana.
Know what this means for you".
Since the post was shared, several concerns have been raised, especially by the minority in Parliament, who believe the move is sheer wickedness on the part of the government.
