Tag Archives: Tax Cuts

Parliament approves 4 tax cuts in 2017 budget

2018 Budget

Parliament has approved four amendment bills to scrap taxes as proposed in the 2017 budget. Finance Minister, Ken Ofori Atta on Tuesday 14TH March 2017 presented four bills to Parliament in accordance with the various tax cuts that were outlined in the budget. The bills are the Income Tax (Amendment) Bill, Special Petroleum Tax (Amendment) Bill, Special Import (Amendment) Bill ...

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Tax cuts to deepen cedi depreciation – GN Research

Cedi / Dollar Performance

Some currency analysts have warned that the government’s tax cuts would lead to a further depreciation of the cedi should it fail to stem the side effects of the policy. They contend that the ease in tax burden is an incentive for businesses to expand leading to an increased demand for dollars as a result. “Ghana’s currency, the Cedi is ...

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Finance Minister presents budget statement today

Ken Ofori Atta on GDP

Finance Minister Ken Ofori Atta will this morning March 2nd, 2017, deliver his government’s first budget and economic planning statement after winning the 2016 Parliamentary and General elections with a resounding and historical victory. The budget will give into detail Government’s expenditure and revenue generation plan for the year 2017. There is heavy interest in today’s statement from stakeholders in ...

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Nana Addo’s maiden budget will focus on restructuring- Economist

2018 budget

As the Finance Minister, Ken Ofori Atta prepares to present government’s budget before parliament this week, some financial observers are hopeful the tax reviews announced in the NPP’s Manifesto are still prudent despite the debt stock. President Akufo-Addo last week announced that government’s debt has hit 122 billion cedis, representing 74% of the GDP. There are concerns how the government ...

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