Financial shortfalls from the impact of COVID-19 on tax revenue in Ghana 2020
As of April 2020, Ghana had suffered some economic impacts from the coronavirus (COVID-19) pandemic. Tax revenue was equally affected, registering a shortfall of 808 million Ghanaian cedis (GHS) (approximately 138 million U.S. dollars) in import duties, and nearly 2.3 billion (around 395 million U.S. dollars) in non-oil tax revenue. Overall, as of the second quarter of 2020, the provisional and programmed non-oil tax revenue of the government stood at around 8.6 and 10.7 billion GHS (roughly 1.5 and 1.8 billion U.S. dollars), respectively. Moreover, as of the same quarter, international trade taxes stood at 1.2 billion GHS (nearly 205 million U.S. dollars) in Ghana.