The Government is seeking to plug the revenue gap created as a result of the abandoned VAT on electricity with a tax on the foreign incomes of resident Ghanaians. At the beginning of the year, the government introduced a value-added tax on electricity, however, it was forced to abandon the initiative following a public backlash. […] The post Govt
The lights are let out Electricity Comes and Goes It’s Either Candle or Generator It’s either torchlight or daylight It’s a grim message to dim our lights A sunny message of light Beautifully presented by mother nature So to dim a crisis of power And prices of power Power that came from energy Energy that […] The post Poetry Corner: Let There Be Light appeared
By Kestér Kenn KLOMEGÂH Russia has now started calling for combined strategic partnership and international efforts to drastically address the complexities of rising insecurity and adopting a multilateral military force for countering terrorism in Africa, particularly in Burkina Faso, Mali and Niger. An official statement from the Russian Foreign Ministry called for finding common solutions […] The post
The Vice President, Dr Mahamudu Bawumia has announced that the Akufo-Addo government upon assuming office in 2017 has invested GHC6 billion in improving and modernising the TVET sector in Read More... The post Gov’t Invests GHC6bn In TVET Since 2017
The Executive Director of Ghana’s Environmental Protection Agency (EPA), Dr. Henry Kwabena Kokofu, has disclosed that plans are far advanced to turn the Agency into an Authority. He was speaking during the UK-Ghana Chamber of Commerce’s (UKGCC) webinar on ‘Navigating Environmental Regulations: Ensuring Compliance with EPA Guidelines in Ghana’. “The Environmental Protection Law is being amended to change the EPA […] The post
By Alexander Ayertey Odonkor According to the World Travel Market’s Global Travel Report from 2024 to 2033, the proportion of Chinese households with purchasing power to embark on international travel is set to “roughly double.” Attributed to rising incomes and more middle-class consumers, China’s growth is expected to add more than 60 million households to its existing population […] The post
Morgan Ayawine Organised Labour has cautioned the government not to reintroduce the suspended 15% Value Added Tax (VAT) on electricity following the directive by the Finance Ministry to put Read More... The post ‘Make Electricity VAT Suspension Permanent’ appeared
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The government has officially suspended the planned implementation of the 15% Value Added Tax (VAT) on domestic consumption of electricity. In a press statement issued by the Ministry of Read More... The post Suspends 15% VAT On Electricity-
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
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The International Monetary Fund’s resident representative in Ghana, Dr. Leandro Medina, has stressed the importance of protecting vulnerable individuals during challenging reforms and actions, such as the introduction of a 21% Value Added Tax on specific electricity consumers as part of Ghana’s COVID-19 recovery programme. A letter addressed to the Electricity Company of Ghana (ECG) […] The post IMF
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
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
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
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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