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  • Create Date May 14, 2020
  • Last Updated May 14, 2020
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Description

Pursuant to Section 94, subsection (4) of the Income Tax (Amendment) Act, 2020 which states that:
'' A withdrawal from a provident fund or personal or personal pension before retirement age by reason of the COVID-19 Pandemic by,

(a) an employee due to loss of permanent employment; or
(b) a self-employed person from the personal savings account provided for under paragraph (a) of subsection (2) of the section 109 of the National Pension Act,2008(766), is exempt from income tax''

Albert Ludwig Botchway is the Communications Officer at the American Chamber of Commerce in Ghana (AmCham Ghana), where he leads the Chamber’s communications strategy and brand visibility. He drives stakeholder engagement, media relations, and content initiatives that strengthen U.S.–Ghana business relations. His work supports trade, investment, data protection awareness, and innovation across the Chamber’s activities