Ofori-Atta Justifies Tax Cuts
Finance Minister Ken Ofori Atta has justified the removal of and reductions in some taxes on goods and services in the country. During last week’s budget presentation, the Nana Akufo-Addo...
Tag: Tax reform
Regulate the Importation of Used Spare Parts
Economist and Senior Lecturer at the University of Ghana, Dr. Ebo Turkson has lauded government for abolishing some taxes that are considered nuisance and a disincentive to private sector growth. Dr....
Regulate the Importation of Used Spare Parts- Govt Warned
Economist and Senior Lecturer at the University of Ghana, Dr. Ebo Tuckson has lauded government for abolishing some taxes that are considered nuisance and a disincentive to private sector growth. Dr....
Economist Flags ‘implementation Challenges’ In 2017 Budget
A renowned economist has given high marks to the 2017 budget statement of Nana Akufo-Addo’s administration but points out likely policy implementation challenges. Dr Eric Osei-Assibey, a Senior...
Tackle Fundamental Issues – Jantuah Tells Government
Although it is good that some taxes, including the 1% special import levy, have been scrapped, the government should tackle the underlying problems confronting small-scale businesses, Kwame Jantuah,...
2017 Budget Unrealistic – Ricketts-Hagan
The Akufo-Addo government's 2017 budget statement does not reflect reality and will lead to the biggest financial deficit in the history of Ghana, Kweku Ricketts-Hagan, a former Deputy Minister of...
GREDA Grateful For Tax Cut
The abolition of the Value Added Tax (VAT) on real estate sales by the Akufo-Addo government is good a decision that will increase the purchasing power of Ghanaians, Samuel Amegayibor, Executive...
How Ghanaians Reacted To Akufo-Addo’s Tax Cuts
Thursday March 2 is a day many in Ghana will remember for a long time to come. It was the day the country's Finance Minister, Kenneth Ofori-Atta, presented the Akufo-Addo-led administration's first...
Spare Parts Dealers To Cut Prices
Spare parts dealers at Abossey Okai in Accra have pledged to reduce the prices of their goods owing to the removal of taxes on the importation of automobile spare parts into Ghana. Minister of...
Government Scraps 11 ‘Nuisance’ Taxes
Government yesterday announced in Parliament that it has abolished some 11 taxes it termed ‘nuisance’ taxes and reviewed four other taxes, which were negatively affecting businesses in the...
AGI Welcomes Tax Cuts
The Association of Ghana Industries (AGI) has welcomed government’s resolve to scrap and reduce some taxes on goods and services as outlined in its first budget statement. Among several taxes to be...
Electricity VAT Must Go
Although the government of Ghana has scrapped some taxes and reduced others as a way of bringing down the cost of doing business, it is quite surprising that there was not a mention of the removal of...
VAT Removal Will Revamp Domestic Aviation Industry – Players
The domestic aviation industry has welcomed the removal of the 17.5% tax on domestic airline tickets. Chief Operations Officer (COO) at Africa World Airlines (AWA), Captain Samuel Thompson, said the...
NDC Always Presented ‘kwashiorkor’ Budget Statements
Ashanti Regional Chairman of the New Patriotic Party has lashed out at the previous National Democratic Congress (NDC) administration describing them as bad ‘political chefs’ who didn’t know...
2017 Budget Will Unleash More Hardships On Ghanaians
A former Deputy Finance Minister under the previous National Democratic Congress (NDC) government, Fifi Kwetey has asked Ghanaians especially dealers in spare parts not to jubilate over...
GREDA Lauds Govt For Removing 5%VAT On Housing Cost
The Ghana Real Estate Developers Association (GREDA) has welcomed government’s decision to scrap the 5% VAT on cost of real estate. Presenting the budget in parliament yesterday, Finance Minister,...
Import Levy Killed Us
The introduction of the import levy on secondhand spare parts by the previous government drove away customers from all over West Africa who were travelling to Abossey Okai in Accra to conduct...
2017 Budget Brings Huge Relief To Spare Parts Dealers, Kayayei
AUTO (spare) parts dealers across the country will soon heave a sigh of relief after the announcement by the Minister of Finance, Ken Ofori-Atta, of government’s decision to abolish import duties...
Financial Analyst
The decision by the Akufo-Addo-led government to scrap some taxes and reduce some is apt, Bernard Owusu-Mensah, a Financial Analyst, has said. According to him, some of these taxes should have been...
Budget Has Frightened NDC
Minority Members in Parliament have been hit with excessive fear following the bold decisions that have been taken by the Akufo-Addo-led government in the maiden budget statement, Dr Anthony...