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A pre-budget survey conducted by auditing and accounting firm KPMG has revealed that Ghana could face a GH¢6.4 billion revenue shortfall if the Covid-19 levy and the E-Levy are abolished in the 2025 national budget. The findings were outlined in KPMG’s 2025 Pre-Budget Survey, which was submitted to the Finance Ministry.
According to the survey, some respondents suggested that the government should leverage technology to mitigate the potential revenue gap. The report stated that abolishing the E-Levy and Covid-19 levy could result in a significant revenue loss, which would require alternative strategies to maintain fiscal stability. To address this challenge, KPMG recommended enhancing property rate administration and collection, reviewing taxation within the digital and e-commerce sectors, strengthening public financial management systems, closing loopholes in public procurement, and reducing wasteful government spending.
The survey also highlighted the implications of Ghana’s proposed 24-hour economy, stating that its success would depend on prioritizing industries that naturally thrive in round-the-clock operations. These industries include manufacturing, transport and logistics, healthcare, retail and hospitality, and digital services. KPMG noted that a well-structured policy framework for the 24-hour economy could significantly contribute to economic recovery by increasing consumer demand and improving Ghana’s global market competitiveness.
Most respondents in the survey expressed optimism that new policy initiatives in the 2025 budget could serve as a foundation for economic recovery, provided they are well-implemented and aligned with national development goals.
