Tag: GUTA
-
GUTA’s support for 3% VAT compromising – Importers
Business Associations protesting the implementation of the 3% VAT Flat rate scheme are skeptical of a positive outcome for the appeals to get the tax scrapped. They contend that the apparent support by the Ghana Union Traders Association (GUTA) for the VAT could limit the chances of getting their grievances addressed. Business Associations comprising the…
-
GIPC targets local investment growth
The Ghana Investment Promotion Centre (GIPC) has outlined some key initiatives aimed at building capacity of local businesses and improve the investment regime in Ghana. The CEO of the GIPC, Mr. Yoofi Grant believes the plan should enhance the competitiveness of local businesses and eventually turnaround the economic fortunes of the country. The NPP government…
-
Cancel deferment of Amended VAT implementation – Parliament to GRA
Parliament has asked the Finance Ministry and the Ghana Revenue Authority (GRA) to halt the suspension of the implementation of the Amended 3% VAT for local businesses. It follows an acceptance by the House for the two entities to meet over the implementation of the amended tax. The 1st Deputy Speaker, Joseph Osei Wusu who…
-
Spare parts dealers meet gov’t over tax cuts
Dealers of spare parts at Abossey Okai in Accra have told Citi Business News they are in talks with government to scrap the import levy on imported spare parts. The traders were thrown in a fix when it emerged that they may not enjoy any tax cuts due to the rules and regulations regarding the…
-
Spare parts dealers to reduce prices over tax cuts (Video)
Consumers of spare parts should expect reduction in prices of goods within the coming months. The reduction has been necessitated by the abolishing of the levy on imported spare parts. Presenting the first budget by the NPP government in Parliament on Thursday, Finance Minister, Ken Ofori-Atta announced that importers will no more be paying…
-
Ahead of SOTN: Businesses want concerns addressed
Business associations are calling on President Akufo Addo to address the various challenges confronting them in the industry as he prepares to deliver his State of the Nation address tomorrow. The associations who cite power issues, invasion of foreigners in their retail markets as well as the high taxes imposed on them as their major…
-
Businesses welcome new ministry of business development
Business associations have hailed the creation of the new Ministry of Business Development. The businesses argue that the ministry will take them a step closer to solving their numerous business challenges. President Nana Addo in his third batch of ministerial nominations, announced the Chief Executive Officer of Marble Communications Group Limited, publishers of the Finder…