What the new taxes mean for businesses and consumers: Don't panic, take these strategic actions

However, these new taxes come at a time when the Ghanaian economy is already heavily burdened. The COVID-19 pandemic as we are made to believe by government has had a significant impact on the economy, leading to job losses, reduced economic activity, and increased debt levels. Additionally, the country has been facing challenges such as high inflation, recent power cuts, and a depreciating currency, among others.

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