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    6th Ghana CEO Summit to focus on digital leadership for the digital economy

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

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    We want Ghanaians to own 30% of MTN Ghana shares by end of 2022 – GROUP CEO

    Ghana’s 2022 economic outlook to remain positive; GDP projected to grow by 5.3% – AfDB report

    African governments tasked to look within the continent in their bid for transformation

    COCOBOD closes purchases for 2021/2022 main crop cocoa season

    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

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    6th Ghana CEO Summit to focus on digital leadership for the digital economy

    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

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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

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    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

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South Africa’s FinMin Gordhan orders inquiry into tax agency

bycitibusinessnews
December 5, 2016
in Africa, Southern Africa, Top Stories
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South African Finance Minister Pravin Gordhan has ordered an investigation into the tax collection authority, officials told parliament on Thursday, underlining rising tensions between the Treasury and the revenue agency.

Gordhan has expressed concerns at the leadership of the South African Revenue Service (SARS), saying earlier this week he could not vouch for the accuracy of the information it provided because of a lack of accountability and cooperation from its top management.

SARS said in a statement on Thursday it was concerned over the comments questioning the integrity of its leadership.

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News of the latest investigation adds to the impression of a system in turmoil after months of tension between President Jacob Zuma and the finance minister, who himself survived a separate probe into allegations of fraud while he was the head of SARS.

The tensions have unnerved investors at a time when Africa’s most industrialized economy is stalling, with growth forecast at 0.5 percent this year by the Treasury.

An 8-member team set up by the Treasury to investigate governance at SARS said in a presentation to parliament, seen by Reuters, that it was studying whether the agency was sufficiently accountable and had the capacity to deal with illicit financial flows.

It was unclear when the probe was initiated, but Business Day newspaper quoted the head of the committee, Dennis Davis, as saying it had been carrying out its work for several months.

Davis could not be reached for comment at the number provided on the committee’s website. SARS spokesman Sandile Memela and Treasury spokeswoman Yolisa Tantsi did not immediately reply to telephone and email requests for comment.

“The implication is that he has a lack of confidence in the top leadership at SARS,” political analyst Daniel Silke said, referring to Gordhan.

Gordhan and SARS commissioner Tom Moyane, who was appointed in 2014 by Zuma, were at loggerheads earlier this year when Moyane refused to halt an operational turnaround plan that had been vetoed by the minister.

At the time, media reported that Gordhan had threatened to resign from the cabinet unless Moyane was removed from his role.

–

Credit: CNBC Africa

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