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Mobile industry tax contribution hits ¢3.2 billion in 2019

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The Ghana Chamber of Telecommunications says the mobile network operators and infrastructure companies contributed ¢3.2 billion in taxes and other remittances to the government in 2019.

The taxes include total taxes borne, total taxes collected and other payments and remittances.

Value Added Tax stood as one of the top tax lines of the industry representing approximately 19 percent of the Total Tax Contribution (TTC) in money terms of more than ¢480 million.

Chief Executive of the Chamber, Dr. Kenneth Ashigbey, presenting a study conducted by the Chamber said the figure represented approximately 9.5 percent of Ghana’s annual total revenue basket.

The study is to measure the size of the contribution that members of the Chamber made to the state.

The members provided data on their tax payments for the financial/tax year ended December 31, 2019.

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