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Ecobank, Cal Bank, Others Stop Charging VAT On Financial Transactions

Ghanaian banks like Ecobank, Cal Bank and many others have stopped charging VAT on financial transactions by clients. This action was informed by the Government of Ghana, President Nana Akufo-Addo in his quest to fulfill his campaign promises to the good people of Ghana. This is because the 17.5% Tax on Financial Services (VAT Act 948, 2017) has been amended …

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