The Ghana Community Network Services Limited (GCNet) last Wednesday presented a cheque for GH¢20 million to the government being dividend payment for the 2018 financial year.
Government through the Ghana Revenue Authority (GRA) owns 20 percent shares in GCNet.
Receiving the cheque, the Finance Minister, Mr Ken Ofori-Atta, reiterated the important role of GCNet in revenue mobilization and trade facilitation for development.
He said Ghana lagged behind peers in terms of revenue to Gross Domestic Product, which currently stands at 12.6 percent while most countries are doing about 19 percent.
In this direction, Mr. Ofori-Atta said GCNet services were crucial in bridging the gap and expressed the hope that the two parties would engage more to move forward the frontiers of revenue generation.
Mr. Ofori-Atta acknowledged GCNet’s consistency in the payment of dividend to government and urged it to continue supporting government in addressing the challenges, with regard to revenue mobilisation.
On his part, Mr. Emmanuel Darko, the Deputy General Manager of GCNet, reiterated the company’s commitment to be at the fore-front of revenue mobilisation and trade facilitation.
He said the company had been consistent in the payment of dividend government through the GRA as well as statutory tax obligations.
GCNet is a Public-Private-Partnership (PPP) between government and other private entities, including Ecobank and GCB banks.