Tag: TAXES
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Chamber of Commerce welcomes non-introduction of new taxes in 2020 budget
President of the Ghana National Chamber of Commerce and Industry, Nana Dr. Appiagyei Dankawoso I, says although businesses in the country are still faced with some challenges, they appreciate government’s decision not to introduce new taxes in the 2020 budget. Speaking at the third Chamber of Commerce Awards 2018, he said “The GNCCI validates the…
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Political will coupled with more tax revenue needed for fiscal stability — Economist
Ahead of election 2020, some key stakeholders in the economy have reiterated the need for political commitment to ensure Fiscal discipline (i.e an ideal balance between revenues and expenditure of government) in the short to medium-term. A key step to ensure such discipline came in the Fiscal Responsibility Act which was assented to by President…
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No new taxes will be introduced in 2020 budget — Finance Ministry
Government has announced it will not introduce new taxes in next year’s budget which is scheduled to be presented to parliament in November this year. The ministry has begun taking stakeholders inputs into the 2020 budget to enable it to address some of the concerns citizens including Civil Society Groups have about the country’s expenditure…
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Accra Mall escapes closure over taxes
But for the quick intervention of operators of the Accra Mall, the Ghana Revenue Authority (GRA) would have shut down the mall on Wednesday morning over its failure to pay taxes. The Ghana Revenue Authority embarked on a distress order to retrieve about 2 million cedis in tax arrears from the management of the Accra…
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GUTA demands abolishment of import levy
The Ghana Union of Traders Association (GUTA) is making fresh appeals to get the 2 percent special levy scrapped. GUTA argues that the continuous imposition of the charge adds unto the costs of its members and increased their retail prices. The concerns by the traders’ union come at a time that government is collating inputs…
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Government must give us tax reliefs – Allure Spa CEO
Business operators in the wellness, health and beauty industry are advocating for parliament to classify the industry under a ministry to allow them get tax reliefs. Players in the industry bemoan the huge taxes they pay at the ports when clearing their goods and want government to place the sector under a ministry. Although they…
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AGI bares teeth at government over ‘high’ taxes
The Association of Ghana Industries (AGI), has disclosed of an audacious exercise to demand reduction in taxes for its members. President of the AGI, James Asare Adjei maintains the outfit it is dissatisfied with the introduction of taxes without recourse to its members on the adverse impact on their businesses. “This year, businesses were subjected…