Telco Chamber members paid over ¢3.2B to Gov't as taxes in 2019 - Report

Findings from a total tax contribution survey by the Ghana Chamber of Telecommunications has brought to light the significant contribution of the telecoms sector towards Ghana's economic growth.

According to the data, the sector's total taxes and payments to government amounted to over GHC3.2 billion in 2019. This represents approximately 9.5 percent of Ghana's annual total tax revenue earnings. The Chamber used a total tax contribution methodology to measure total cash payments for business operations by its members over the period.

The tax components included Corporate Income Tax, Value Added Taxes, Communication Service Tax, Withholding taxes and others. Chief Executive Officer of the Telecoms Chamber gave a breakdown of the payments.

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