Tag Archives: Tax

2018 Budget Highlights: Tax in Focus

2018 Budget

2018 Budget Highlights Commentary by PWC report state it in this way In a bid to consolidate the Ghanaian economy’s path to macroeconomic stability and to boost the productive sectors of the economy, the 2018 Budget Statement (“the Budget”) of Government of Ghana has the theme “from stabilisation to growth: putting Ghana back to work again”. This is anchored on ...

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GRA to sell off Vodafone assets within 14 days over tax default

Vodafone

The Ghana Revenue Authority (GRA) has served notice that it will be compelled to sell off the assets of National Communications Backbone Company (NCBC) within the next fourteen days should the company fail to provide proof to benefit from capital gains tax reliefs. The NCBC, which is a subsidiary of Vodafone Ghana is reported to have defaulted in capital gains ...

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Tax cuts is dream come true – AGI

corporate taxes on rural bank

Madam Bless Neriah, Volta and Eastern Regional Chairperson of the Association of Ghana Industries (AGI) has described the tax cuts in this year’s budget as a “dream come true.” “This is a dream come true. We can’t express our joy and I think we have to march on the roads with happiness,” she said. Madam Neriah told the Ghana News ...

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Ghana’s debt to GDP hits 74%- Ken Ofori Atta

Ken Ofori Atta on GDP

As president Nana Akufo-Addo prepares to deliver the State of the Nation Address, Finance Minister Ken Ofori Atta has disclosed that Ghana debt as a percentage of GDP has hit 74 percent. By the third quarter of 2016, figures released by the Bank of Ghana showed that the country’s debt stock had reached GH¢112.4 billion representing 67.4 percent. It is ...

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Prez, Veep must pay tax – Nduom demands

GN Firms

Founder of the Progressive People’s Party (PPP) Dr Papa Kwesi Nduom has made a strong case for a President and his or her vice to pay tax on their emoluments and allowances. Article 68(5) of the 1992 Constitution bars the first two gentlemen of the land from paying tax. But according to Dr Nduom, who is an astute entrepreneur, “this ...

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