Key Highlights of 2017 Budget
MACROECONOMIC PERFORMANCE FOR 2016 Overall real GDP 3.6% End-period inflation 15.4% Overall budget deficit on cash basis – 8.7% of GDP, on commitment basis, 10.3% Gross Foreign Reserve (Import...
Tag: Tax
Government Lacks ‘wherewithal’ To Scrap ‘kaya’ Toll – Terkper
Government does not have the ability to scrap market tolls imposed on itinerant head porters (kayayei), because there is no national tax or levy imposed on them, hence can only give guidelines to the...
Akufo-Addo’s Removal of Kayayei Levy Discriminatory – Oko Vanderpuije
Former Mayor of Accra, Alfred Oko Vanderpuije has described as discriminatory the decision by the governing New Patriotic Party (NPP) to scrap levies exacted from head porters popularly called...
Akufo-Addo’s Tax Cuts Deceptive, Populist – Ato Forson
A former Deputy Finance Minister has cautioned Ghanaians to brace up for difficult times because of challenges he envisages government's decision to scrap some taxes might pose for the economy....
Stimulus Package In 2017 Budget Juicy
The head of the Economics Department of the University of Ghana has described as juicy the stimulus package announced by the Finance Minister in the 2017 Budget statement. Peter Quartey told Joy News...
Spare Parts Dealers To Demonstrate Over 2017 Budget
Spare parts dealers in the capital, Accra are set to stage a massive demonstration over the abolishing of tax on the importation of spare parts into the country. The demonstration would involve...
Tetteh Chaie Lauds Government For Abolishing Tax On Spare Parts
Former NDC MP for Ablekuma Central had lauded government on its plans to remove import duties on automobile spare parts to help reduce prices of vehicle spare parts in the country. According to...
Spare Parts Dealers Hail Government For Scrapping Import Duties
Some spare parts dealers at Abossey Okai in Accra have hailed the decision by government Some spare parts dealers at Abossey Okai in Accra have hailed the decision by government to scrap taxes on...
Abossey-Okai Spare Parts Dealers Jubilate Over Tax Cut
Spare parts dealers at Abossey-Okai in Accra, have lauded government for the decision to scrap taxes on the importation of vehicle parts. The traders said the move relieves them of a huge burden that...
Abossey-Okai Spare Parts Dealers Jubilate Over Tax Cut [Video]
Spare parts dealers at Abossey-Okai in Accra, have lauded government for the decision to scrap taxes on the importation of vehicle parts. The traders said the move relieves them of a huge burden that...
How Social Media Reacted To 2017 Budget
People took to social media to express diverse views on the Budget Finance Minister, Ken Ofori-Atta has presented the 2017 budget in Parliament. In his address, he announced government's decision to...
Abolishing Spare Parts Tax Will Encourage Smuggling – Seth Terkper
Former Finance Minister, Seth Terkper is warning of dire repercussions on Ghana’s economy given the reduction of taxes by the Akufo-Add led government. According to him, the reduction will only...
FULL STATEMENT: 2017 Budget
Finance Minister Ken Ofori-Atta has presented the 2017 Budget Statement which happens to be his maiden one in Parliament. He announced major tax cuts in line with promises the NPP made ahead of the...
List of Taxes Abolished and Reviewed By Government
The business community in Ghana will heave a sigh of relief following government’s announcement of key taxes it has abolished, while others have been reviewed. The cancellation of the taxes, most...
‘Kaya Tax’ Does Not Exist
The decision by the Akufo-Addo-led government to scrap market tolls imposed on itinerant head porters (Kayayei) as announced by Minister of Finance Ken Ofori-Atta in the government’s first budget...
Government Scraps ‘Kayayei Tax’
The Akufo-Addo government has resolved to scrap market tolls paid by itinerant head porters (Kayayei), Finance Minister Ken Ofori-Atta has announced to parliament in the new administration’s first...
List of Taxes Abolished and Reviewed By Gov’t
The business community in Ghana will heave a sigh of relief following government’s announcement of key taxes it has abolished, while others have been reviewed. The cancellation of the taxes, most...
Government Abolishes ‘Kayayei Tax’ In Maiden Budget
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...
Budget Concrete Enough, All Akufo-Addo’s Pledges Will Be Fulfulled
Member of Parliament for the Lawra constituency, Anthony Karbo says the structuring of the 2017 budget will enhance the realization of all promises made by the party during its campaign. According to...
Ken Ofori-Atta Presents 2017 Budget
Finance Minister, Ken Ofori-Atta today presented the 2017 Budget and economic statement to the house of parliament. The presentation of the first ever budget delivered under the Akufo-addo’s led...