Demand For Mortgages To Go Up
The demand for mortgages is likely to soar following the announcement of the removal of the 5 percent Value Added Tax (VAT) on real estate sales, industry players have projected. According to the...
Tag: Tax reform
Widening Tax Net Riskier- Rashid Pelpuo
Former Minister of State in charge of Public-Private-Partnerships Dr. Rashid Pelpuo has advised government to be cautious in widening the tax net since not all businesses will be in position to...
Beige Boss Calls On Entrepreneurs To Take Advantage of 2017 Budget
Chief Executive Officer of The BEIGE Group (TBG) Mike Nyinaku has called on entrepreneurs to take advantage of opportunities in this year’s budget. Mr. Nyinaku expressed confidence that the 2017...
‘Asempa’ Budget Or ‘419’ Budget
‘’ And my God will meet all your needs according to the riches of glory in Christ Jesus” Philippines 4:19 “…… tasking the GRA to collect 33% more revenue this year was based on the...
I’ll Grow Private Sector
President Nana Addo Dankwa Akufo-Addo has said he is determined to create prosperity and higher income for Ghanaians by building a viable private sector in the Ghanaian economy. According to him,...
Post Budget Statement By Taxpayers Alliance Ghana
For Immediate Release: Post Budget Statement by Taxpayers’ Alliance Ghana “Sowing the Seeds for Growth and Jobs” with Tax Cuts: Implications for the Economy. Ghanaians of all walks of life...
Clarify How Ghanaians Will Benefit From Tax Cuts – Minority Demands
The Minority in Parliament is asking government to clarify how its tax cuts announced last two weeks would benefit Ghanaians. Deputy Minority leader, James Klutse Avedzi, said government has to state...
Parliament To Pass Four Tax Cuts
Barring any last-minute hitch, four tax cuts announced in the 2017 budget will be passed by Parliament today. Finance Minister, Ken Ofori-Atta, and his team yesterday submitted the amendment bills of...
Fiscal Deficit Likely To Rise
An economist and CEO of the Institute of Chartered Economists, Ghana (ICEG), Gideon Amissah, says there is a likelihood of a ballooning fiscal deficit given the proposed tax cuts in the 2017 budget....
Ofori-Atta Lays Amendment Bills Before Parliament
Minister of Finance Ken Ofori-Atta has presented to parliament some amendment bills that will pave way for the government to implement the tax cuts it announced in the 2017 budget. Mr Ofori-Atta, in...
Budget Will Collapse Manufacturing Companies
The Member of Parliament (MP) for Bolga Central, Mr Isaac Adongo, has noted that some policies and programmes in the 2017 budget would lead to the collapse of many local manufacturing companies in...
Finance Minister Submits Tax Cut Amendment Bills To Parliament
Finance Minister, Ken Ofori-Atta, has submitted to Parliament Tuesday amendment bills of some laws to allow for government’s tax cuts. The bills include the Income Tax (Amendment), Special...
Kwabena Duffuor Applauds 2017 Budget
A former Finance Minister Dr Kwabena Duffuor has advised the government to focus on stabilizing the economy this year rather than pursuing growth, since the economic fundamentals are weak. Although...
Government To Lay Tax Cut Policies To Parliament Under Certificate of Urgency
The government on Tuesday will lay the tax abolishment and reduction policies in the 2017 budget statement to parliament under a certificate of urgency. This was disclosed by Member of Parliament...
GRA Hopeful To Meet ‘ambitious’ GHc34 Bn 2017 Target
The Ghana Revenue Authority (GRA) is confident of meeting its ambitious revenue target of 34 billion cedis by the end of this year. This comes despite the one billion cedis value of all the tax cuts...
Tax Measures Will Boost Revenue Collection
The Minister of Finance, Mr Ken Ofori-Atta is optimistic that the measures outlined in the budget would help ensure efficiency in revenue collection and offset any shortfalls because of tax reliefs....
Ato Forson’s Spare Parts Rubbish Dump Comments Insensitive
Former Deputy Finance Minister, Ato Forson’s comments following the removal of taxes on spare parts has angered some spare parts dealers at the Suame Magazine in Kumasi. They are threatening a...
Sliding Cedi Could Mop Up Tax Cut Gains–Dalex Boss
Chief Executive Officer of Dalex Finance and Leasing Company Limited, Kenneth Kwamina Thompson, has indicated that the real impact of the numerous tax reliefs captured in the 2017 budget will be...
GIPC Targets GHC5bn In FDIs This Year
The Ghana Investment Promotion Centre (GIPC) plans to attract GH¢5 billion in Foreign Direct Investments (FDIs) in 2017. This, it intends to do by embarking on an aggressive local and foreign...
Impact of Tax Incentives Negligible
The Chief Executive Officer (CEO) of Dalex Finance, Mr Kenneth Kwamina Thompson, has said the impact of about eight out of 12 tax incentives introduced in the 2017 Budget Statement and Government...