A pre-budget survey conducted by auditing and accounting firm KPMG has revealed that Ghana could lose approximately GH¢6.4 billion in revenue if the government abolishes the Covid-19 levy and the E-levy in the 2025 budget.
This finding was outlined in KPMG’s 2025 Pre-Budget Survey, which has been submitted to the Ministry of Finance ahead of the budget presentation.
According to the report, some respondents recommended the adoption of technology as a key strategy to help offset potential revenue losses.
“KPMG notes that abolishing the E-levy and Covid-19 levy could result in a revenue shortfall of at least GH¢6.4 billion,” the survey stated.
Beyond new revenue measures, the firm advised the government to leverage technology to enhance property rate administration and tax collection. It also urged authorities to review taxation policies in the digital and e-commerce sectors while strengthening public financial management systems.
“Additionally, closing loopholes in public procurement, reducing wasteful spending, and improving fiscal discipline are critical to enhancing economic sustainability,” KPMG added.
The report further highlighted the importance of focusing on industries that can naturally operate on a round-the-clock basis if Ghana’s proposed 24-hour economy is to be successful. Key sectors identified include manufacturing, transport and logistics, healthcare, retail and hospitality, and digital services.
Most respondents in the survey expressed confidence that new policy initiatives in the 2025 budget could serve as a foundation for Ghana’s economic recovery.
Norvanreports