The Value Added Tax (VAT) was introduced (or rather re-introduced) to replace the sales tax regime in December 1998, after the first attempt failed in 1995. Since the VAT in Ghana will be 20 years in 2018, we must transcend the current public debate on very basic principles of VAT regimes and, rather, bring the tax in line with global best practice. We will review some of these basic principles before commenting on issues arising out of the current debate.
The Ghana Community Network Services Limited (GCNet) has assured its stakeholders of continued commitment to providing quality and innovative e-solutions towards promoting trade facilitation, business development, revenue mobilization and Ghanaian business competitiveness.
Head of Department for Payment Systems at the Bank of Ghana (BoG), Dr. Settor Kobla Amediku, has indicated that movement of money from circulation into the banking system makes the country's monitory policy very effective.
To help fight against pirated textiles in the country, the Ministry of Trade and Industry (MoTI) has announced that it has developed a new policy direction to help make the textiles sector competitive.
The Public Procurement Authority (PPA), the public sector procurement regulatory agency, has introduced an electronic platform called Electronic Government Procurement (EGP) in collaboration with the World Bank to eliminate fraud in procurement and ensure transparency in public procurements in the country.
There are indications that the ban on 'Ghana Must Go' bags by Air France and KLM presents a potential risk of a trade war between France and the West African Sub-region, Nana Kweku Owusu Sekyere, a security analyst has suggested.
China's Sinopec International Petroleum Services Corporation (SIPSC), which is a subsidiary of the Sinopec Group and the contractor for the now-operational gas processing plant, has been found out for engaging in transfer pricing manipulation.
The Republic - A Ghanaian pilot who labored in the employ of Aero Surveys Limited, operators of private local airline Starbow, has allegedly been victimized in a sack drama that appears to be tinged with racism.
In Europe, football club chief executives and chairmen are the busiest and most-sought-after people at this time of the year. It is the time to pull the chequebooks, doll out big sums of money and capture the most-prized footballing talents.
Tigo Digital Changemaker and Technology enthusiast, Josephine Marie Godwyll, has launched an ambitious app which harnesses local folklore to engage children in mathematics, science, technology, engineering, arts and mathematics.
The aim of every business is to make profit. To attain this goal, some businesses go to the extent of cutting corners: selling nearly expired goods, pushing fake products into the market, rendering poor services or charging for services not rendered.
The Social Security and National Insurance Trust (SSNIT), the state agency responsible for the management of social insurance and retirement, has introduced an online portal dubbed 'Self-Service' that allows subscribers to access their pension details on their cell phones and by the click of a button on their computer.
The leading oil marketing company in the country, GOIL continues to make great strides in the bunkering industry following the completion and subsequent launching of its marine gas oil tanks in the Port of Takoradi.