Tag: taxation
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Control expenditure to achieve budget deficit target – Databank CEO tells gov’t
Group Chief Executive Officer at Databank Kojo Addae-Mensah says government’s ability to hold its overall budget deficit to a maximum of 4.5 percent, will depend on a number of factors especially on how the government is able to control its expenditure levels. The Institute for Fiscal Studies (IFS) has already warned that government may record…
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Too many taxes can drive away investors – Telcos’ Chamber warns
The Ghana Chamber of Telecommunications is warning that the high level of taxation in the telecommunication sector could repel investors from bringing their funds to Ghana. Parliament recently approved an increase in the communication service tax announced by the government in the midyear budget review. During the presentation of the mid-year budget, the Finance Minister…
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Mid-year budget review: Why Ofori-Atta may plead for more money
The glee with which Finance Minister Ken Ofori-Atta announced a bundle of tax reliefs in his maiden budget in 2017 will be missing today when he delivers his 2019 mid-year budget. Government’s underperforming domestic revenue has provided enough headache rather than something to smile about. The weight of expectations on Akufo-Addo’s government is enormous —…
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Simplify tax issues to boost public compliance – Oxfam charges Gov’t
Some tax analysts have charged the government to boldly implement the needed measures to strengthen the country’s tax regime into a highly progressive one where those earning more continue to pay more. The sentiments were shared at the 2nd Ghana Tax Dialogue Forum organized by Oxfam Ghana on the theme “How should a fair tax…
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Ghana signs double taxation agreements with 10 countries
The Government has signed double taxation agreements with 10 countries towards giving investors a stable and conducive tax scheme. The Government hopes that the signing of such agreements will encourage investments and in turn, facilitate the transfer of skills and technology. The countries are Belgium, Denmark, France, the United Kingdom, Switzerland, Mauritius, South Africa, Italy, Netherlands…
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Use 2019 budget to boost tax revenue – IFS to gov’t
Executive Director of the Institute for Fiscal Studies, Professor Newman Kwadwo Kusi has advised government to review the tax systems in the upcoming budget in order for government to realize more revenue for the country. The budget has been scheduled to be read on the 15th of November, 2018. Professor Kusi argues that the move…