Telecom sector contributes over GH₵9.8bn in taxes in 2023

The Ghana Chamber of Telecommunications has revealed that telecom companies contributed more than GH₵9.83 billion in taxes and other payments in 2023.

This represents about 30 percent increase compared to the GH₵6 billion paid in 2022.

The contribution, according to the chamber forms approximately 7.38 % of Ghana’s 2023 total revenue.

Speaking at the launch of the Transparency Initiative Report, Chief Executive Officer of the chamber, Dr. Kenneth Ashigbey, emphasized the industry’s commitment to driving economic growth.

“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 said.

In addition to its financial contributions, the sector also provided 2,464 direct jobs in 2023. This is slightly lower than the 2,600 jobs created in 2022.

The figures are part of the Transparency Initiative Report, a joint release from the Ghana Telecommunications Chamber and the Electronic Money Issuers Chamber of Ghana, which highlights the economic impact of the telecom industry.