Ghanaians are set to pay more for the use of communication services as the government proposes an increment in Communication Services Tax (CST) from its current 6% to 9%.
The proposed increment was announced by Finance Minister, Ken Ofori-Atta, during his presentation of the mid-year budget review statement in Parliament on Monday.
“The Communication Service Tax (CST) was introduced in 2008 at an ad valorem rate of 6%. The tax is levied on charges payable by consumers for the use of communication services. Government proposes to increase the tax to 9% to develop the foundation for the creation of a viable technology ecosystem in the country,” Ken Ofori-Atta disclosed.
The Finance Minister explained: “this will comprise amongst others putting in systems to identify and combat cybercrime, protect users of information technology and combat money laundering and other financial crimes.
The increase will not be earmarked, however, the sharing ratio will be adjusted in such a manner that the national youth employment programs continue to receive the same proportions as they are currently receiving.”
Meanwhile, Parliament is expected to debate and approve the proposal.