Government Abolishes ‘Kayayei Tax’
Government has abolished the 1% market tolls which has existed for several years. The move is in fulfilment of President Akufo-Addo’s promise of massive tax cuts during the 2016 elections. Market...
Tag: Tax reform
High Expectations As Finance Minister Presents First Akufo-Addo’s Budget
Finance Minister, Ken Ofori-Atta will on Thursday present the Nana Akufo-Addo-led government’s maiden budget statement, a presentation that will ultimately be a marker of the new administration’s...
Don’t Replace MPs Common Fund With One-Constituency, One-Million-Dollar Policy – Muntaka
The Minority Chief Whip, Muntaka Mohammed has cautioned the government against substituting the MPs Common Fund with its one-constituency-one-million-dollar policy. In any case, the policy should...
Don’t Replace MPs Common Fund With One-Constituency-One-Million-Dollar Policy – Muntaka
The Minority Chief Whip, Muntaka Mohammed has cautioned the government against substituting the MPs Common Fund with its one-constituency-one-million-dollar policy. In any case, the policy should...
Remove VAT On Electricity – ACEP To Govt
The government must remove the Value Added Tax (VAT) on electricity as a way of relieving industries of the huge tax burden for them to expand and employ more people, Benjamin Boakye, Deputy...
GCAA To Scrap Import Duty On Aircraft Spare Parts
The Ghana Civil Aviation Authority (GCAA) has given hint it will soon remove import duty on aircraft spare parts. The move is part of efforts to reduce the cost of domestic fares to boost the sector....
Government Tinkers With Tax Cuts
The Economic Management Team of government is pondering which taxes to abolish and the ones to increase, as it looks to take the shackles off the private sector. Senior Minister, Yaw Osafo-Marfo, who...
GRA Closes Down Packplus Ltd For Owing GHc2.6m
The Special Revenue Mobilisation Task force of the Ghana Revenue Authority (GRA) has closed down PackPlus International Limited over tax default between 2013 and 2015. The company has defaulted in...
1.2bn NHIS Debt Crippling Pharmaceutical Industry
Local pharmaceutical manufacturers have expressed worry over outstanding debts owed drug suppliers by the National Health Insurance Scheme (NHIS), saying the situation is hampering business...
Zimbabwe Suspends Tax On Foodstuff
Zimbabweans have been complaining about the rising cost of living Zimbabwe's government has suspended the 15% tax, known as VAT, imposed on basic foodstuff, including rice, potatoes and meat,...
Govt Conducts Forensic Audit of MMDAs
The government has uncovered startling revelations from an ongoing audit of the country’s fiscal account in a prelude to the preparation of the 2017 Budget and Economic Policy. They include...
‘Customs Management System 3’ To Support Private Businesses – GCNET
The third generation of the Ghana Customs Management System (GCMS 3) will be rolled out in the first quarter of this year. The move, which is being powered by the Ghana Community Network (GCNET) will...
Gov’t To Announce Tax Cuts In 2017 Budget
The Government of Ghana has announced that some taxes will be eliminated in the 2017 budget. The budget, the first under the Akufo-Addo-led administration, would be presented to parliament by March...
Tax Cuts Should Be Replaced With Pragmatic Revenue Sources
Government must find alternative means to impose new taxes or increase compliance rate if it is to achieve targets on tax cuts. This is the suggestion from tax consultant, William Owusu Demetia....
Hurried Tax Cuts Won’t Boost Growth, Productivity – Amoako-Tuffour
The Director of Research at the African Center for Economic Transformation (ACET), Dr. Joe Amoako-Tuffour, has cautioned the New Patriotic Party (NPP), government against “hurried” tax cuts,...
Hurried Tax Cuts Won’t Boost Growth, Productivity
The Director of Research at the African Center for Economic Transformation (ACET), Dr. Joe Amoako-Tuffour, has cautioned the New Patriotic Party (NPP), government against “hurried” tax cuts,...
No Immediate Hikes In Utility and Fuel Prices – Ken Ofori Atta
Consumers are to experience an immediate halt in the increase of utility and fuel prices in the short to medium term in what will be one of the first decisions embarked on by Minister of Finance...
No Immediate Hikes In Utility and Fuel Prices – Ken Ofori Atta
Consumers are to experience an immediate halt in the increase of utility and fuel prices in the short to medium term in what will be one of the first decisions embarked on by Minister of Finance...
Hoteliers Want 17.5% VAT Slashed
Members of the Ghana Hotels Association have cautioned the new government to live by its promise and reduce the current 17.5 % VAT rate to the 3% Flat Rate within the first quarter of the year. They...
Anxious Developers Await Scrapping of VAT On Real Estate
Real estate developers say they are eagerly awaiting the scrapping of the five per cent Value Added Tax (VAT) that was imposed on real estate sales by the outgoing administration. After making the...