Reduction of CST to 5% announced by finance minister

The government has relieved Ghanaians of the cost of the Communication Service Tax (CST) from nine percent to five percent due to the coronavirus pandemic.
Finance Minister, Ken Ofori-Atta, announced this reduction in parliament on Thursday, July 23, 2020, when he presented the Mid-year budget review statement.

Addressing the House, he stated that, “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.”

He impelled telecommunication providers to adhere to the directive and reduce the tariffs for consumers.
“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.”

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