Extensive dialogue will be held with Organised Labour and other key stakeholders in the coming weeks on the VAT on electricity, the Ministry of Finance has said. The stakeholder dialogue, as stated by the Finance Ministry in its statement dated January 30, 2024, is aimed at ensuring stakeholder buy-in. Organised Labour has kicked against the […] The post VAT
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From left: Emmanuel Benimah, Deputy General Secretary in charge of Operations, ICU-Ghana, Samuel Ananga, Deputy General Secretary in charge of Administration, ICU-Ghana, Morgan Ayawine, and Alhaji Nuru-Deen Alhassan, National Chairman, Read More... The post ICU Joins Call For No Electricity
The Industrial and Commercial Workers’ Union, ICU-Ghana, has urged the government to treat with urgency, the seven-day ultimatum issued by organized labour to withdraw the imposition of 15% Value Added Tax (VAT) on electricity consumption exceeding the lifeline threshold. ICU expresses concern over the adverse impact that tax imposition may have on consumers, businesses and […] The post ICU
Former President John Dramani Mahama has thrown his support behind organised labour’s call on the government to reverse the Value Added Tax (VAT) imposed on electricity. The Flagbearer of the National Democratic Congress (NDC), expressed concern that the implementation of VAT on electricity consumption would further burden Ghanaians, who are already suffering from economic hardship. […] The post Mahama
The Trades Union Congress (TUC) has described the 15 percent Value Added Tax (VAT) imposed on electricity consumption above the lifeline as an easy way for the government to raise revenue, which is unfair to consumers. At a press conference on Tuesday, January 23, TUC gave the government a seven-day ultimatum to withdraw the tax, […] The post Burdening workers
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The Trades Union Congress (TUC) has given the government a seven-day ultimatum to withdraw the imposition of Value Added Tax (VAT) on electricity consumption above lifeline. In a letter dated January 1, Finance Minister, Ken Ofori-Atta, directed the Electricity Company of Ghana (ECG) and the Northern Electricity Distribution Company (NEDCO) to implement the VAT, aiming […] The post TUC
It is essential for policymakers to carefully assess the broader economic consequences of the 21% VAT imposition on end-user electricity tariffs and consider a more balanced approach that protects the sustainability of the power sector and supports economic recovery, stability and industrialization. In line with the efforts being made towards economic recovery, imposing a 21% […] The post Elikplim
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The post ‘VAT on electricity consumption a terrible, poorly-thought-through policy’ – Bernard Avle | #CitiCBS appeared first on Citinewsroom - Comprehensive News in Ghana.
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Franklin Cudjoe, President of IMANI Africa, has expressed his sympathy for Ghana’s future president due to the continuous introduction of taxes by the current New Patriotic Party (NPP) government. Following the recent implementation of the Value Added Tax (VAT) on residential electricity consumption effective January 1, Mr Cudjoe anticipates the possibility of additional taxes, given […] The post I
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The Ministry of Finance in a recent development has announced that the government will be imposing Value Added Tax (VAT) on a specific section of electricity consumers in the Read More... The post Gov’t Introduces
Starting from January 1, 2024 ride-hailing companies such as Uber, Yango, and Bolt will be required to pay taxes in Ghana. The Ghana Revenue Authority (GRA) has made this Read More... The post GRA To Tax Uber, Bolt Others appeared first on DailyGuide
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