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    Ghana Life Insurance Ltd accused of employing delay tactics in payment of claims

    BoG urged African DFIs to enhance credit rating positions to boost investment

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

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    Ghana Life Insurance Ltd accused of employing delay tactics in payment of claims

    BoG urged African DFIs to enhance credit rating positions to boost investment

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Old Mutual celebrates 177th anniversary globally, 10 years in Ghana

    Gov’t expenditure needs to be checked to help deal with inflation – ICAG

    Take control of financing on the continent – Ofori-Atta to AfDB

    We’ll avert any looming food crisis with effective planning – AfDB Boss

    Value of MoMo transactions decrease by 3% between March and April 2022

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    Ghana Life Insurance Ltd accused of employing delay tactics in payment of claims

    BoG urged African DFIs to enhance credit rating positions to boost investment

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Value of MoMo transactions decrease by 3% between March and April 2022

    Inflation rate likely to drop to single digits in 2023 – Dr. Ernest Addison

    Monetary Policy Rate increased again by 200 basis points; now at 19%

    Government partners private companies to mine abandoned iron ore in Oti Region

    Manufacture of petroleum products push PPI to 31.2% in April

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    Government to invest heavily in internet safety – Ursula pledges

    Ho Node Hub rebrands as Node Eight

    Elon Musk strikes deal to buy Twitter for $44bn

    Block chain’s success will depend on supportive policy environment – Prof. Quaynor

    1.5% E-Levy rate will negatively impact GH¢6.9 billion target – Prof. Quartey

    Transactions to be affected by E-levy

    Bethniel Finance emerges winner in Innovation Challenge Program

    Taxing of non-resident e-commerce entities in Ghana could push prices up – Technology Consultant

    BoG cautions against fraudulent money-doubling scheme ‘BitCash Currency Exchange’

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    We’ll avert any looming food crisis with effective planning – AfDB Boss

    Standard of cars assembled in Ghana will not be compromised – GSA assures

    GUTA urges gov’t to get other countries to open their borders to facilitate trade

    Kyle Kelhofer appointed as IFC Senior Country Manager for Benin, Ghana, Liberia, Sierra Leone, and Togo

    Greater, more diverse participation in global trade is key to achieving Africa’s economic transformation – World Bank

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Tax negotiations: Govt & businesses fail to reach agreement

bycitibusinessnews
April 3, 2016
in Business, Government, Local Economy, Top Stories
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The concerns raised by the Joint Private Sector Business Consultative forum over high taxes may take a while longer to be addressed.

[contextly_sidebar id=”2Rvk9L7Lby49GE9d0IxXpPHIf1OHFu7m”]This follows the inability of the committee set up to look into the issues and submit a report to the Finance Ministry, to meet the March ending deadline.

The group’s last meeting with government led to the creation of a committee to carefully consider the issues raised by the business associations to facilitate an amicable solution to them.

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The Joint Consultative Forum is seeking a withdrawal of the excise tax stamp policy; scrapping off the import tax duty as well as a reversal of the 17.5% VAT on business operations to 3 percent.

An Executive Member of GUTA, Benjamin Yeboah, however tells Citi Business News he is optimistic of reconvening a meeting next week to continue with its work.

“Unfortunately not much has been achieved because last week, we met and we looked at the CET and we realized that there were a lot of things that we had to look at especially the tariffs that had been increased and the various commodities. We were supposed to meet on Wednesday but had to postpone it to Thursday and further postponed the meeting,

“But like we made mention of, it is important that we look at them quickly because our members are still crying at the ports because of the high tariffs. Therefore we are hoping that come tomorrow or latest by Monday we should know the next meeting date which should be next week.” Benjamin Yeboah explained.

Meanwhile a meeting with the Ghana Revenue Authority on Frday, over the continuous payment of the 3 percent VAT by the businesses, ended with a decision by the GRA to continue accepting the payment of the 3 percent until such a time that both parties reach an agreement over an approved VAT rate.

–

By: Pius Amihere Eduku/citibusinessnews.com/Ghana

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