Ghana's telecom sector contributes GH₵9.83b to economy in 2023
Accra, Ghana - Nov 16, 2024 - Ghana's telecommunications sector made significant financial contributions to the country's economy in 2023. The industry paid over GH₵9.83 billion in taxes and other payments, marking a 30% increase from 2022's GH₵6 billion.
This substantial contribution accounted for approximately 7.38% of Ghana's total revenue for 2023.
The sector's commitment to driving economic growth was highlighted by Dr. Kenneth Ashigbey, Chief Executive Officer of the Ghana Chamber of Telecommunications, during the launch of the Transparency Initiative Report.
He emphasized that telecom companies are contributing massively to Ghana's economy through progressive taxes.
"Telecom chambers are really contributing massively to Ghana's economy. As we can see these taxes paid to the government is a progressive tax".
“If you put together the total taxes that we bear and other remittances that we made to other government agencies, the total is GH₵9.8 billion in 2023. And this contribution forms about 7.4 per cent of government total revenue”, he stated.
Source: Lead News Online
