The Ghana Revenue Authority (GRA) will start the collection of taxes on luxury cars from today (August 1, 2018).
The statement further said that vehicles with an engine capacity of 2950 to 3549 capacity will pay GHS1,000 cedis while vehicles with engine capacity of 3550 to 4049 will pay GHS1,500.
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Engine capacity above 4049 will pay GHS2,000 cedis.
He explained that the government intends to improve revenue mobilization through the policy.
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Some economists are have expressed optimism that the government will meet the target since it already has a database of such vehicles.