Author: Michael Ogbodu
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New Taxes: Government must be prudent to prevent public fatigue – GUTA
The Ghana Union of Traders Associations says as the government commences implementation of the new taxes introduced in the 2021 budget, efforts should be made to ensure the citizenry get value for money. The government as part of efforts towards reviving the economy amidst the Covid-19- pandemic introduced some new taxes including the Energy Sector…
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We may increase transport fares by 40% – Committed Drivers Association
The Ghana Committed Drivers Association has hinted that it may soon increase transport fares by about 40 percent. This follows the Ghana Revenue Authority’s implementation of new taxes introduced in the 2021 budget statement. The association had earlier indicated its plans to pass on these taxes to commuters and Chairman of the Committed Drivers Association,…
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New taxes: Expect increase in prices of goods and services soon – Importers
The Importers and Exporters Association of Ghana says the public should expect a hike in the prices of goods and services in the next couple of days following the government’s implementation of new taxes. As part of the government’s efforts to revive the economy amidst the Covid-19 pandemic, it introduced some new taxes including, a…
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Construction chamber lauds government’s discounted bitumen from GOIL initiative
The Ghana Chamber of Construction Industry has welcomed recent comments by the Minister for Roads and Highways, Kwasi Amoako-Attah that government will negotiate with the management of GOIL to supply road contractors bitumen at a discounted price. However, speaking to Citi Business News, CEO of the chamber, Emmanuel Cherry stated that although the move is…
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OMCs likely to implement tax-induced price adjustments from May 4 – COPEC
It appears most Oil marketing companies are yet to adjust upwards their prices of fuel in the national capital, Accra two days after the set implementation date for the newly introduced taxes. The government during the presentation of the 2021 Budget Reading introduced some taxes including the Energy Sector Recovery Levy of 20 pesewas per…
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Savannah Region: Charcoal ban will adversely affect our livelihoods – Traders
Some charcoal sellers in the national capital, Accra, are worried that the imminent ban on charcoal production in the Savannah Region will threaten their livelihoods. The Savannah Regional Minister, Saeed Muhazu Jibril, gave a 30-day ultimatum, which elapses in the coming days, to stop logging and commercial production of charcoal in the region. For a…
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Saglemi Housing project was abandoned due to lack of national policy – ASEPA
The Alliance for Social Equity and Public Accountability (ASEPA) has blamed the current state of the Saglemi Housing project on the lack of a national housing policy in the country. The $200 million project initiated by the erstwhile Mahama government was initially for the construction of 5,000 housing units. Though the first phase of the…
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Government must balance energy sector taxes or risk collapsing economy – Energy Consultant
Energy Consultant Dr. Sulemana Yussif, has stated that the implementation of the new taxes on the energy sector risks stifling the growth of the economy. The taxes were introduced in the 2021 budget statement and will take effect on May 1, 2021. Dr Yussif argues that the new taxes have the tendency to reduce expenditure…
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Drivers association hints of fare increases as new energy levies take effect on May 1
With a few days to the implementation of the new taxes that were introduced by the government in the 2021 budget statement, some driver associations are already hinting at an increase in transport fares. According to the Chairman of the Committed Drivers Association, Charles Danso, the taxes will be passed on to passengers by increasing…
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GUTA welcomes GRA’s digitalisation move but raises security concerns
The Ghana Union of Traders Association has welcomed the recent announcement by the Ghana Revenue Authority to digitize payments for its services. In an interview with Citi Business News, the President of GUTA, Dr Joseph Obeng commended GRA for the latest initiative. “That is the new norm. The world is changing towards digitization, and so…