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    A petrol station worker fuels a car along Kimathi street on July 14 2019,after the Energy and Petroleum Regulatory Authority (EPRA) announced new retail pump prices of petroleum products effective from July 15 to August 14, 2019.price of super petrol increase by Sh0.29 per litre while diesel and kerosene decreased by Sh0.88 and SH2.31 per litre respectively.PHOTO|SILA KIPLAGAT

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    BoG Governor confident inflation has peaked; expects rate to start declining

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    BoG’s inflation targeting framework can’t reduce rise in inflation – IEA

    Monetary Policy Rate must be increased to 19% to check inflation – IEA

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    Policy rate likely to be increased to tame inflation – Databank CEO

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    Banks will continue to innovate to meet customers’ expectations – FBNBank’s MD

    6th CEO’s Summit pushes for ease of doing business law to boost economic growth

    Policy rate likely to be increased to tame inflation – Databank CEO

    Banking Consultant bemoans continuous charging of unfair fees by banks

    Chamber of IPPs disappointed over ECG’s tariff increase request

    A comprehensive storage strategy will deal with post – harvest losses & inflation – CSIR

    A petrol station worker fuels a car along Kimathi street on July 14 2019,after the Energy and Petroleum Regulatory Authority (EPRA) announced new retail pump prices of petroleum products effective from July 15 to August 14, 2019.price of super petrol increase by Sh0.29 per litre while diesel and kerosene decreased by Sh0.88 and SH2.31 per litre respectively.PHOTO|SILA KIPLAGAT

    NPA allays fears of fuel scarcity in the country

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    Gov’t to put measures in place to reduce ‘imported inflation’ – Ofori-Atta

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

    Transactions to be affected by E-levy

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

byBobbie Osei
March 15, 2022
in Banking And Finance, Economy, Government, Tax, TECHNOLOGY, Top Stories
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Technology Consultant and Digital Lead of Pop Out, Maximus Ametorgoh says consumers in Ghana are likely to pay a little bit more for products purchased on E-commerce platforms as the Ghana Revenue Authority (GRA’s) prepares to introduce a non-resident E-commerce and Digital Service Registration Portal, to help with the taxation of e-commerce platforms operating in Ghana.

According to the Ghana Revenue Authority (GRA) the new portal, which is expected to commence operations from 1st April 2022, will help the authority collect about GH¢1.7 billion in revenue from online businesses like Netflix, Jumia, Alibaba, and Amazon among other.

The launch of the revenue mobilization portal comes on the back of complaints from the Finance Minister Ken Ofori-Atta that less than 10 percent of Ghana’s 30.8 million population pay direct taxes, a situation he said was “a poor reflection” on the country when compared to other middle-income countries.

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In an interview with Citi Business News on the new portal of the GRA, Technology Consultant and Digital Lead of Pop Out, Maximus Ametorgoh, noted that while the new portal is a step in the right direction, the laws of Ghana should be worked on to ensure more online activities are taxed.

“I think it’s a step in the right direction because a lot of e-commerce happens within the virtual space of Ghana which goes untaxed. They however need to work on the laws of Ghana to cover more areas of the virtual space for taxation purposes.”

Mr. Ametorgoh further added that prices of things bought via e-commerce platforms operating in Ghana are likely to rise marginally, but charged Ghanaians to support the GRA’s efforts by paying for the increases.

“Definitely the consumers will have to pay a bit more in terms of the cost of the product they buy online. We should expect that when we buy something on Amazon, or Google and the likes there will be some taxes that will be applied and the cost of the product may go up. We should however pay for the increases because as citizens we should also pay our taxes. With the amount of money being spent on the e-commerce space in Ghana government should certainly have its share of that cake.”

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