Saturday, May 31, 2025
Ghana Fact
  • Who We Are
    • About Us
    • How we work
    • Submit a claim to check
    • Partners
    • Our Team
    • Funding
    • Principles
    • Corrections
    • Privacy Policy
    • Press Releases
  • Contact
  • Home
    • Latest
    • Trending
  • Governance
  • DisinfoLab
  • Politics
    • Election 2020
    • Election 2024
  • Economy
  • Health
    • COVID-19
  • Environment
  • AI & Deepfakes
No Result
View All Result
Ghana Fact
  • Home
    • Latest
    • Trending
  • Governance
  • DisinfoLab
  • Politics
    • Election 2020
    • Election 2024
  • Economy
  • Health
    • COVID-19
  • Environment
  • AI & Deepfakes
No Result
View All Result
Ghana Fact
No Result
View All Result
Home Promise Meter

Election 2020: Checking President Akufo-Addo’s promise to cut taxes

ghanafactbyghanafact
December 4, 2020
in Promise Meter
Reading Time: 1 min read
A A
Election 2020: Checking President Akufo-Addo’s promise to cut taxes
Share on FacebookShare on TwitterShare on ThreadsWhatsApp

Cutting corporate taxes

Akufo-Addo promised to build the most business-friendly and people-friendly economy in Africa, creating jobs and prosperity for all Ghanaians. As part of this vision, he pledged to make production a focus of his economic policy, rather than taxation.

In its manifesto, his party promised to cut several tax rates. Close to four years since assuming power, Akufo-Addo has delivered on some, but not on others.

The general corporate income tax (CIT) rate is still 25% instead of the promised 20%.

However, taxes such as the 1% levy on special imports, 17.5% VAT on imported medicines not produced in Ghana, 17.5% VAT on financial services, 5% VAT on real estate sales and 17.5% VAT on domestic airline tickets have been abolished.

The VAT for micro and small enterprises has also been reduced from the current 17.5% to 3%.

The team rates this as PROMISE PARTIALLY KEPT.

RelatedNews

ELECTION 2020: EC publishes voters’ register again

FALSE: Viral video shows EC declaring John Mahama as President-Elect of Ghana

The count begins: Election petitions must be filed within 21 days after gazette!

The count begins: Election petitions must be filed within 21 days after gazette!

FAKE: Anas and BBC investigate Ghana’s 2020 elections

FAKE: Anas and BBC investigate Ghana’s 2020 elections

ELECTION 2020: Seven ways to spot fake news

FAKE: Viral screenshot of BBC Facebook post on Ghanaian election

Election 2020: Checking President Akufo-Addo’s promise to cut taxes

By: Isaac Kaledzi, Rabiu Alhassan

Tags: Election 2020
ShareTweetShareSend

Related Posts

PROMISE METER: Fact-checking President John Mahama’s 90-day promises in 120-day social contract

PROMISE METER: Fact-checking President John Mahama’s 90-day promises in 120-day social contract

Fact-checking President Mahama’s cabinet promises – 30% women quota, timeline for nominations

Fact-checking President Mahama’s cabinet promises – 30% women quota, timeline for nominations

Election 2020: Checking President Akufo-Addo’s promise on fighting corruption

Election 2020: Checking President Akufo-Addo’s promise on fighting corruption

Election 2020: Checking President Akufo-Addo’s promise to allow election of local gov’t representatives

Election 2020: Checking President Akufo-Addo’s promise to allow election of local gov’t representatives

Election 2020: Checking President Akufo-Addo’s promise on fighting corruption

Election 2020: Checking President Akufo-Addo’s promise to ensure each district has a hospital

Election 2020: Checking President Akufo-Addo’s promises

Election 2020: Checking President Akufo-Addo’s promises, “1D1F”

Load More

Most Recent

FACT-CHECK: Inusah Fuseini understates ECG’s transmission and commercial losses 

FACT-CHECK: Inusah Fuseini understates ECG’s transmission and commercial losses 

True! Mills-Mahama governments issued only four small-scale mining licences in 8 years

True! Mills-Mahama governments issued only four small-scale mining licences in 8 years

False! Bill Gates did not propose vaccinating livestock in Africa

False! Bill Gates did not propose vaccinating livestock in Africa

FACT-CHECK: Viral photo of Ibrahim Traore’s family is manipulated 

FACT-CHECK: Viral photo of Ibrahim Traore’s family is manipulated 

Load More

Most Popular

South Korea and Japan are not offering $75000 for Black Men to impregnate their women

South Korea and Japan are not offering $75000 for Black Men to impregnate their women

FACT-CHECK: Viral photo of Ibrahim Traore’s family is manipulated 

FACT-CHECK: Viral photo of Ibrahim Traore’s family is manipulated 

FACT-CHECK: Inusah Fuseini understates ECG’s transmission and commercial losses 

FACT-CHECK: Inusah Fuseini understates ECG’s transmission and commercial losses 

HOAX: Ghana Immigration Service 2025 recruitment post making rounds on WhatsApp is a scam

HOAX: Ghana Immigration Service 2025 recruitment post making rounds on WhatsApp is a scam

Load More
Ghana Facts - factscheck

GhanaFact is a project by FactSpace West Africa aimed at curbing the spread of disinformation on traditional and social media.

Follow Us

Browse Articles

  • AI & Deepfakes
  • DisinfoLab
  • Economy
  • Election 2020
  • Election 2024
  • Environment
  • General News
  • Governance
  • Health
    • COVID-19
  • Other Checks
  • Politics
  • Press Releases
  • Promise Meter

Contact

Address: P. O. Box AB 521, Abeka-Lapaz, Accra

WhatsApp: +233 244 49 9971

Email: info@ghanafact.com

Memberships

Memberships
  • Submit a claim to verify
  • Contact
  • Corrections
  • Team
  • About
  • Funding
  • How we work
  • Partners
  • Principles
  • Privacy Policy

© 2025 Ghana Fact - All rights reserved - Web development by EnspireFX Websites.

Welcome Back!

Sign In with Google
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Google
OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
    • Latest
    • Trending
  • Contact Us
  • Governance
  • DisinfoLab
  • Politics
    • Election 2020
    • Election 2024
  • Economy
  • Health
    • COVID-19
  • Environment
  • Other Checks
  • AI & Deepfakes
  • Who We Are
    • About Us
      • Partners
      • Press Releases
      • Principles
      • Privacy Policy
    • How we work
    • Submit a claim to check
    • GhanaFact Team
    • Funding
    • Corrections

© 2025 Ghana Fact - All rights reserved - Web development by EnspireFX Websites.