Tag: New taxes
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Traders in Kumasi express concern as new taxes kick in
Some traders in the Kumasi metropolis say trading activities are picking up slowly days after new taxes came into effect. The traders insist the introduction of the new taxes will further increase the cost of doing business. Traders who sell beverages and bottled water are accusing some wholesalers of intentionally creating artificial shortages of some…
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GUTA expresses dismay over Akufo-Addo’s assent of 3 new taxes
The Ghana Union of Traders Association (GUTA) has expressed dismay at President Nana Akufo-Addo for assenting into law the three new taxes passed by Parliament in March 2023. The union says government failed to engage GUTA on concerns it raised about the taxes when it petitioned the presidency and parliament. Information Minister, Kojo Oppong Nkrumah…
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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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New taxes will push a litre of petrol/diesel to GHS6 soon – COPEC
The implementation of some of the new tax policies introduced in the 2021 budget statement from 1st May is likely to contribute to fuel prices rising to GHS6 per litre in the near future. That’s according to the Chamber of Petroleum Consumers (COPEC). Of the new taxes that will be implemented from the beginning of…
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Government’s new tax policies to take effect from May 1
The implementation of the new tax policies announced in the 2021 budget statement and duly approved by Parliament will take effect from May 1, 2021. The implementation date was announced in a statement issued by the Ghana Revenue Authority (GRA) on April 20, 2021. According to the government the implementation of the new taxes which include…