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...
Tag: Value-added tax
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...
A Deep Sigh of Relief
The maiden budget of the government of President Nana Addo Dankwa Akufo-Addo, presented to Parliament yesterday by the Finance Minister, Ken Ofori-Atta, is incontrovertibly a deep sigh of relief for...
Ghana Could Become Dumping Grounds For Spare Parts
The immediate past Finance Minister, Seth Terkper, has said the decision to remove taxes on the importation of vehicle spare parts will make the country a dumping ground for over aged vehicles....
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...
See Full List, Reactions From NDC Stakeholders
A large section of Ghanaians have expressed so much satisfaction over NPP’s abolished taxes, especially on some aspects of trade and commerce. The New Patriotic Party (NPP) government has finally...
‘Asempa’ Budget Dazes NDC
Jaw-dropping tax incentives and reliefs announced by the Finance Minister, Ken Ofori-Atta, in the 2017 ‘Asempa’ budget statement yesterday which clearly defined policies to resuscitate the ailing...
We’ll Pass RTI Bill – Ofori-Atta
Finance Minister Ken Ofori-Atta has revealed that the government of Nana Addo Dankwa Akufo-Addo will pass the Right to Information (RTI) bill as a way of dealing with corruption in the public sector....
‘Asempa Budget’ Triggers Jubilation
The expectations of Ghanaians with regard to the campaign promise by President Nana Addo Dankwa Akufo-Addo and the NPP to reduce the burden of taxes imposed on them by the previous Mahama-led NDC...
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: NDC Frightened – Akoto-Osei
The National Democratic Congress have been frightened by the level of innovation and decision taken in the 2017 budget, according to Monitoring and Evaluation minister Dr. Anthony Akoto-Osei. The...
Tax Cuts Recipe For Disaster – Terkper
A former Finance Minister Seth Terkper is predicting doom for the economy of Ghana following a number of tax cuts and reductions. According to him, scrapping nine taxes and reducing three is a recipe...
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...