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    Enterprise Group PLC records 37% rise in revenue in 2021

    Prices of petrol, LPG to fall by 4% in first pricing window of July – IES

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

    ASTM International pledges support for Ghana’s petroleum industry

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    Financing agric sector alone not enough to grow it – GIRSAL CEO

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    Gov’t still plans on tabling a legislation to compel banks to lend to the Agric sector – Agric Minister

    AfCFTA Secretariat calls for accelerated dev’t for key infrastructure in Africa to boost trade

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Enterprise Group PLC records 37% rise in revenue in 2021

    Prices of petrol, LPG to fall by 4% in first pricing window of July – IES

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

    ASTM International pledges support for Ghana’s petroleum industry

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    [From the left] Thomas Abanga (CEO of Abanga Farms & Food Systems), Selma Ashipala Musavyi (Namibia High Commissioner to Ghana), Dr. Benjamin Sasu (Head of Food Safety), Mrs. Chariti Gbadawo (Director at the Ministry of Foreign Affairs & Regional Integration) ), Prof Bani (Board Chairman, Abanga Farms and Food Systems) and Clarence Zamuee (MEATCO Rep)

    Ghana’s Abanga Farms & Food Systems and Namibia’s Meatco in big partnership

    Gov’t still plans on tabling a legislation to compel banks to lend to the Agric sector – Agric Minister

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Enterprise Group PLC records 37% rise in revenue in 2021

    Prices of petrol, LPG to fall by 4% in first pricing window of July – IES

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

    ASTM International pledges support for Ghana’s petroleum industry

    NIB MD laments cost of borrowing for private sector

    Finance professionals urged to develop strategies to boost ESG-driven business environment

  • TECHNOLOGY

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

    BoG, CSA deepen collaboration to fight cyber threats

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

    ADB pioneers in global remittance services in Ghana [ARTICLE]

    Introduction of GhanaPay complements efforts to capture the unbanked into digital payments ecosystem – Veep

    #CitiBusinessFestival: How the country can take advantage of the “Ghana Opportunity”

    Chamber of Telecommunications calls for more investment into Technology to improve livelihoods

    Citi Business Festival: Address lack of financial data challenges using MoMo – Rufai Abdul Majeed

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    Ivory Coast is set to receive $26.1 billion worth of development finance from 4 lenders, the EU and France

    Gulf central banks, Bank of England raise policy rates after Fed hike

    US Fed meets inflation surge with 75bp hike

    As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

    Modern airline tickets design with flight time and passenger name. Plane tickets vector pictogram. Airline boarding pass template. Vector illustration. The concept of air transportation

    Ticket prices to rise following B.A schedule change on Accra-London-Accra route

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

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Ghana must develop reliable tax data – CIT

bycitibusinessnews
August 25, 2016
in Government, Local Economy, Top Stories
Nii Ayi Aryeetey

Nii Ayi Aryeetey

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The Chartered Institute of Taxation (CIT)-Ghana says it is developing a blueprint to help build a tax data  base for the country.

The data, after its completion is expected to enhance revenue mobilization while it deepens the tax net to cover all sectors of the economy.

Speaking at the sidelines of the 6th Annual International Tax Conference in Accra, the President of the Chartered Institute of Taxation, Nii Ayi Aryeetey stated that, the two-day conference will deliberate on how to use national identification schemes to build sustainable taxpayer data system.

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“Legislation is a fundamental issue in enhancing or putting in place tax revenue measures. The conference will also look at innovative ways of expanding the tax net as a catalyst for national development,” she said.

He stated that the conference will look at how to develop a national identification system to improve tax collection.

Mr. Aryeetey explained that the conference has been planned to provide a veritable platform for focused professional interaction on topical issues affecting Ghana’s tax regime.

“This year’s conference throws the searchlight on the challenges in tax legislation that impact on strategies for revenue mobilization in our modern era, hence the theme; ‘Strategies for Revenue Mobilization in Contemporary Times: Challenges in Tax Legislation,” he said.

He argued that the success of most tax schemes is fundamentally influenced by the underlining tax legislation.

“In all cases, the existence of a reliable taxpayer database greatly compliments the tax legislation as well as the processes put in place by the revenue administration to ensure efficiency,” he said.

Linking a successful tax scheme to national development, Mr. Aryeetey maintained that the level of tax certainty determines the level of growth of businesses in a country.

He stated that there is a direct link between the efficacy of domestic revenue mobilization and the level of fiscal support for the country.

–

By: Lawrence Segbefia/citibusinessnews.com/Ghana

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