Francis Tomore Boi, a renowned Tax Analyst, has endorsed the government’s initiative to tax the foreign incomes of resident Ghanaians as a strategic move to address the revenue shortfall resulting from the abandoned VAT on electricity. He described this as a smart move by the government. His comments are on the back of the government’s […] The post Taxing
A member of the Health Committee of Parliament, Alexander Roosevelt, has criticized the Finance Ministry over the delay in approving a GH₵1.7 million tax waiver request for consignments intended for the Heal Komfo Anokye project. The renovation of the 70-year-old Komfo Anokye Teaching Hospital has encountered obstacles due to the project’s inability to clear approximately […] The post Govt’s
The post Oxfam Tax Dialogue: Is Ghana’s tax regime fit for purpose? appeared first on Citinewsroom - Comprehensive News in Ghana.
The Assistant Commissioner of the Ghana Revenue Authority (GRA), Emelia Assam, has dismissed claims by flagbearer of the New Patriotic Party, Dr Mahamudu Bawumia that businesses are being unduly harassed for taxes. Dr. Bawumia, during a meeting with members of the Ghana National Chamber of Commerce and Industry on Wednesday, March 20, accused the GRA […] The post We don’t harass
The Fiscal Policy Adviser, Oxfam Ghana, Dr Angela Azumah Alu, has called for a united effort among stakeholders to address gaps in the tax system. During the Oxfam Tax Dialogue on Citi TV on Thursday, March 21, Dr Alu highlighted the importance of collaboration to ensure that the voices of citizens influence the government’s tax […] The post Oxfam
Jennifer Moffat, the Acting Country Lead and Head of Programme of BudgIT Ghana, has asserted that the country needs to consider its accountability for collected taxes. That, Ms Moffat, said was because the lack of accountability for the use of collected taxes is disincentivising Ghanaians. BudgIT Ghana is a civic organization that leverages technology to […] The post Ghana’s
By Jayati GHOSH While the technical details of international agreements may seem arcane or even trivial, they often commit governments to policies that have major economic consequences. This is especially true for low- and middle-income countries, which have long been on the receiving end of unfair treaties. International tax agreements are a case in point. […] The post For
The Presidential Candidate of the opposition National Democratic Congress (NDC), John Dramani Mahama, has stated that the massive acceptance of his 24-hour economy proposal has sent shivers down the spines of the governing New Patriotic Party (NPP). The NDC, on February 22 and February 23, held a national policy dialogue at the Peduase Lodge to […] The post My
By E. N. Kwame NKRUMAH (Dr) & David ALEMZERO (Dr) While ostensibly rooted in environmental concerns, the recent introduction of a Vehicle and industrial Emission levy in Ghana has ignited a profound and nuanced debate within the socio-political landscape. Critics argue that the hurried implementation of the levy raises questions about the government’s commitment to […] The post
John Gatsi, a Professor of Economics at the University of Cape Coast (UCC), is sceptical about the proposed tax amnesty by Vice President Dr. Mahamudu Bawumia. He believes that this measure will neither enhance tax payments nor address the challenges associated with tax payment. Dr. Bawumia, the flagbearer of the New Patriotic Party, has promised […] The post Granting
In a bold declaration, Dr. Mahamudu Bawumia, the Flagbearer of the New Patriotic Party, has announced that he will abolish the controversial e-levy, bet tax, and emissions tax if Read More... The post E-Levy, Bet Tax, Emissions Levy To Go– Bawumia appeared
Emission control limits the release of harmful gases from cars into the atmosphere. This includes hydrocarbons, carbon monoxide and oxides of nitrogen from engines, crankcases, fuel tanks and carburettors. Emission control systems are developed to prevent or reduce pollution from these sources and keep the atmosphere cleaner for everyone. Many advanced countries have introduced Low Emission […] The post Emission
The post Imposition of Tax: IMF would be laughing at us by now – Kabutey Ocansey | Breakfast Daily appeared first on Citinewsroom - Comprehensive News in Ghana.
…the facts SML discussions ignore Until mid-December last year, Strategic Mobilisation Ghana Limited (SML) was like any ordinary business in the country – judiciously deploying its skills and talents in the concerted effort of nation building. Except for a few publications, mostly on its numerous corporate social responsibility (CSR) activities, the indigenous business quietly worked […] The post
President Akufo-Addo has emphasized that Africa should never face poverty given the abundance of natural resources on the continent. Speaking at the second edition of the Africa Prosperity Dialogues in Peduase, Eastern region, on Thursday, January 25, 2024, President Akufo-Addo highlighted Africa’s extensive resources, including oil, gas, minerals, ample sunlight, and 65% of arable land […] The post Africa
President Nana Addo Dankwa Akufo-Addo has disclosed his government’s resolve to implement a visa-free policy in 2024 for all Africans travelling to Ghana. According to the President, his administration has initiated processes to implement the policy this year. Addressing participants at the opening of the 2024 Africa Prosperity Dialogue on Thursday, January 25, the President […] The post We’re
In a ground-breaking collaboration, Oxford Business Group (OBG) and the Africa Prosperity Network (APN) are joining forces to spearhead the APN initiative to identify and address bottlenecks in manufacturing, adding value, and trading within the African continent. This strategic partnership signifies a commitment to shedding light on Africa’s economic landscape, particularly in Ghana and the […] The post Oxford
A Tax Analyst, Francis Timore Boi, has lauded the government’s move to introduce the Vehicle Income Tax (VIT). The Ghana Revenue Authority (GRA) announced that effective January 1, 2024, ride-hailing vehicle owners will be taxed. However, this has been met with resistance from the Online Drivers Union, who lament that as key stakeholders, the GRA […] The post Tax
The Ghana Revenue Authority (GRA) has reminded the public that a 10% tax will be withheld from all gross winnings from lotteries, betting, gaming, and other games of chance starting January 1st, 2024. This applies to both the National Lottery Authority (NLA) and private lotto operators (PLOs). While the tax was originally implemented in August […] The post GRA announces
Parliament has approved the Value Added Tax Amendment Bill 2023 which imposes a 5 percent flat rate for the rental of commercial premises and the sale of immovable property by an estate developer. The VAT Amendment Bill 2023 also seeks to introduce a zero rate on locally produced sanitary pads and waive VAT on the […] The post Parliament passes VAT Amendment Bill appeared first on
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