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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
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The year 2023 is ending on a high note for the extractive sector. The sector, comprising mining and oil industries, exhibited resilience in the face of challenges. The country’s return to the International Monetary Fund (IMF) merely a year ago, a strategic move shrouded in the government’s resolute commitment to fostering prosperity without external aid. […] The post Extractive
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
The Ghana Revenue Authority (GRA) has issued a notification to ride-hailing vehicle owners regarding the implementation of a new tax policy called the Value Income Tax (VIT), effective from January 1 2024. As per Section 22 of Regulations 2016, LI 2244, the GRA specified that “any commercial vehicle owner that earns income from the operation […] The post Uber,
The National House of Chiefs has asked traditional leaders across the country to play key roles in addressing the long-standing issue of illegal mining as it continues to pose threats to water bodies and forest reserves. Following the recent arrest of individuals over illegal mining, the National House of Chiefs has tasked traditional leaders to […] The post Galamsey:
A major lesson from the past few years is that technology will continue to drive the growth of almost every sector of the economy. Mobile technology in particular remains a cornerstone, with mobile penetration contributing to the sector’s vibrancy. The proliferation of smartphones has opened up new opportunities for innovation, fostering the growth of mobile […] The post
The Minister for Lands and Natural Resources, Samuel Abdulai Jinapor, has once again defended the controversial mining lease agreement between Ghana and Barari DV for lithium exploration in Ewoyaa, Central Region. Addressing concerns from Civil Society Organizations (CSOs) and stakeholders about perceived unfavourable terms, Jinapor assured that the agreement prioritizes value addition to Ghana’s green […] The post Jinapor
The Ghana Mineworkers’ Union (GMWU) of the TUC held its 12th Quadrennial Delegates Conference at Tarkwa in the Western region on December 13, as the mining sector continues to witness massive transformation in its labour market and labour relations landscape. This was amply demonstrated by GMWU General Secretary, Comrade Abdul-Moomin Gbana, when he delivered his […] The post
Given the state of governance in our country and the long-held conviction that the country has not had enough benefits from mining, it is understandable that there is suspicion about a significant transaction such as the grant of a lithium mining lease to a subsidiary of an Australian-listed mining company whose significant U.S. shareholder will […] The post Controversies
Ghana’s Constitution must be faulty, not leaving room for expressions of interest to be vice president; or a popular vote for the position. In the case of President, there is an application of sorts from interested presidential faces, which is eventually addressed to some 17 million voters of Ghana. On the voting day, ballots are […] The post Prof. Kwesi Yankah
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