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Ghana Forum/Politics

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Proposed U.S. remittance tax could hit Ghanaian households h...

modernghana.com/news/1...

submitted 9 months ago by afia3

Proposed U.S. remittance tax could hit Ghanaian households h...

submitted 9 months ago by afia3

Proposed U.S. remittance tax could hit Ghanaian households h...
  • A new tax plan in the U.S. includes a 5% tax on money sent abroad, which could impact Ghanaian families who rely on remittances for daily needs like food and education.
  • Experts warn that this tax might lead to underground transfers and reduce the total funds reaching recipients, potentially harming both families in Ghana and the country's economy.
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