Government has reduced the Communication Service Tax (CST) from 9 to 5 percent.
This is to last for six months, according to the Minister of Finance who presented the mid-year budget review in Parliament on Thursday, July 23, 2020.
Ken Ofori-Atta said: “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.”
In addition to government’s intervention to cut down the burden on citizens in the wake of the coronavirus pandemic, the Minister announced that Ghanaians will enjoy another three months of free water and electricity supply.
Mr Ofori-Atta said government puts the concerns and aspirations of the citizenry first.
“That is also why we further reduced electricity prices by half and completely provided potable water for free for everybody since March this year. And we will extend it for another three months,” he told Parliament.
