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    Deadline for debt exchange program moved to February 7 with new terms

    Government finally makes progress on Debt Exchange Program

    Policy Rate increased by 100 basis points; now at 28%

    Africa loses $88bn annually through illicit financial flows – Akufo-Addo

    AMA to roll out digital revenue collection system in March 2023

    We will not layoff Vodafone staff – Telecel

    Petrol to sell for GHS15 in February – IES

    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

    Ghana’s public debt stock hits ¢575.7bn in November 2022; more than 90% of GDP – BoG

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    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

    Government and Association of Banks reach agreement on DDEP

    DDE: Banks secure 5% coupon for 2023; other revisions

    Cocoa bill payment; BoG, COCOBOD others agree to roll over maturing investments

    AfriCatalyst to host conference on use of Special Drawing Rights to accelerate economic transformation

    Banks seek shorter maturities in local debt-swap deal

    Zenith Bank ceases trustee services in unit trust schemes in Ghana

    Gold for oil policy will reduce pressure on forex – Bawumia

    Ghana best place for business – Nana Addo woos UAE investors

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    MTN to fight $773m tax bill from government

    Telcos to implement 1% E-Levy charge from today

    Huawei Equips 500 Traders in FinTech

    Africans urged to bolster adoption of Bitcoins

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Meta considered building a Twitter competitor to capitalize on Elon Musk’s ‘crisis’ at company

    E-commerce in Ghana – statistics & facts

    Telcos ready to begin deactivating unregistered SIMs – Chamber of Telecommunications

    Malagasy delegation completes tour of Ghanaian Fintechs and MFIs

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    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

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    Nigeria’s national debt hits an all time as the country struggles with repayment

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Nigeria set to stop importation of refined oil and refine its own oil by 2023

    EIU analysts forecast grim economic outlook for Africa in 2023

    AUDA-NEPAD holds workshop for Youth and Media on AU Year of Nutrition

    Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.

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20% tax on smart phones still operational despite its abolishment

bycitibusinessnews
May 6, 2015
in Banking And Finance, Business, TECHNOLOGY, Top Stories
Share on FacebookShare on TwitterShare on Whatsapp

Citi Business News has learnt government is failing to enforce the 2015 budget plan to scrap the 20% tax on the importation of smart phones into the country, five months after it was announced.

[contextly_sidebar id=”BRo92CrDz7werRj8gMNpVHvCMLuSoSRf”]The Minister of Finance Seth Terkper confirmed in the 2015 budget, plans to remove the import duties as part of measures to bridge the digital divide in the country which was later passed by parliament.

Some importers of mobile phones and accessories say the situation is contributing to the increasing cases of tax evasion and smuggling of handsets into the country.

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“We were thinking as soon as it was approved in parliament and passed customs will stop charging those fees but they are still charging it. We don’t know why they should still charge, I don’t know whether they want us to get up and start shouting again before they will scrap it”, the Chairman of the Mobile Phone and Accessories Dealers Association Osei Agyeman threatened.

Speaking to Citi Business News he said the Ghana Revenue Authority is insisting the government decision has not formally been brought to their attention.

“Within the week we will go and see the minister of finance and see how best we can go about it “, he added.
–

By: Rabiu Alhassan/citifmonline.com/Ghana

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