The government says the implementation of the new rate for the Communication Service Tax also known as talk tax is to begin effective September 2020.
Finance Minister, Ken Ofori-Atta during the presentation of the 2020 mid-year budget review announced that the talk tax has been reduced from 9 percent to 5 percent.
“In the short term, we will reduce the CST from 9% to 5% to reduce the cost of communication services to the consumer as more and more people work remotely and utilize online services. We will count on the Telcos to match this reduction in the CST by reducing their tariffs. This is important for our youth, entrepreneurs, and the burgeoning FINTEC industry,” he said.
Addressing Ghanaians on Sunday, July 26, 2020, to reiterate plans taken by the government to cushion Ghanaians from the impact of COVID-19, Nana Akufo-Addo indicated that the move will be rolled out in September.
“The Communication Service Tax has also been reduced from 9 per cent to 5 per cent, effective September 2020.”