2021 Budget: VAT, NHIL to go up by 1% to help fight Covid-19 and also to enable the Government to revive the economy

Hon. Osei Kyei Mensah Bonsu

Government will be introducing a Covid-19 Health Levy of 1% on VAT, Flat Rate Scheme (VFRS) and a 1% on National Health Insurance Levy (NHIL) as part of revenue measures to help the economy recover.

The Caretaker Finance Minister, Osei Kyei Mensa Bonsu who disclosed this during the 2021 Budget Statement Friday, said the levies will be used for the procurement of vaccines and establishment of 14 medical waste treatment facilities.

Osei Kyei Mensa Bonsu who is the Parliamentary Affairs Minister said the levy “will also assist in the construction of 33 major health projects, the recruitment of more health professionals and agenda 111.”

Agenda 111 which a new initiative announced by the President during the State Of The Nation Address, is expected to see the construction of 100-bed capacity district hospitals in 111 districts with no hospitals.

It is the latest investment in healthcare infrastructure in the country’s history and a massive vision by the Akufo-Addo led administration for Ghana’s Healthcare sector.

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