Business
Could insurtech overtake traditional insurance?
…Are we ready? By Daniel Sarkodie DUAH Just a little more than five years ago, technology started to focus on changing the insurance industry. Even though insurance is super important for the world to grow and expand, it was slower to use new technology compared to other industries. This means that while other industries were […]
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Business
Taxing foreign incomes of resident Ghanaians a smart approach – Tax Analyst
Francis Tomore Boi, a renowned Tax Analyst, has endorsed the government’s initiative to tax the foreign incomes of resident Ghanaians as a strategic move to address the revenue shortfall resulting from the abandoned VAT on electricity. He described this as a smart move by the government. His comments are on the back of the government’s […]
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Featured
Govt’s delay in GH₵1.7m tax waiver threatening KATH project – Roosevelt
A member of the Health Committee of Parliament, Alexander Roosevelt, has criticized the Finance Ministry over the delay in approving a GH₵1.7 million tax waiver request for consignments intended for the Heal Komfo Anokye project. The renovation of the 70-year-old Komfo Anokye Teaching Hospital has encountered obstacles due to the project’s inability to clear approximately […]
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Oxfam calls for stakeholder collaboration to address gaps in Ghana’s tax system
The Fiscal Policy Adviser, Oxfam Ghana, Dr Angela Azumah Alu, has called for a united effort among stakeholders to address gaps in the tax system. During the Oxfam Tax Dialogue on Citi TV on Thursday, March 21, Dr Alu highlighted the importance of collaboration to ensure that the voices of citizens influence the government’s tax […]
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Features
For global tax reform, the devil is in the details
By Jayati GHOSH While the technical details of international agreements may seem arcane or even trivial, they often commit governments to policies that have major economic consequences. This is especially true for low- and middle-income countries, which have long been on the receiving end of unfair treaties. International tax agreements are a case in point. […]
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Columnist
Vehicle and Industrial Emission Tax: A silver bullet or a poisoned chalice?
By E. N. Kwame NKRUMAH (Dr) & David ALEMZERO (Dr) While ostensibly rooted in environmental concerns, the recent introduction of a Vehicle and industrial Emission levy in Ghana has ignited a profound and nuanced debate within the socio-political landscape. Critics argue that the hurried implementation of the levy raises questions about the government’s commitment to […]
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Featured
Granting amnesty won’t improve challenges in tax collection – Economist
John Gatsi, a Professor of Economics at the University of Cape Coast (UCC), is sceptical about the proposed tax amnesty by Vice President Dr. Mahamudu Bawumia. He believes that this measure will neither enhance tax payments nor address the challenges associated with tax payment. Dr. Bawumia, the flagbearer of the New Patriotic Party, has promised […]
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General News
E-Levy, Bet Tax, Emissions Levy To Go– Bawumia
In a bold declaration, Dr. Mahamudu Bawumia, the Flagbearer of the New Patriotic Party, has announced that he will abolish the controversial e-levy, bet tax, and emissions tax if
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Business
Emission tax: Economic and social genocide
Emission control limits the release of harmful gases from cars into the atmosphere. This includes hydrocarbons, carbon monoxide and oxides of nitrogen from engines, crankcases, fuel tanks and carburettors. Emission control systems are developed to prevent or reduce pollution from these sources and keep the atmosphere cleaner for everyone. Many advanced countries have introduced Low Emission […]
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Business
Tax collection challenges in downstream petroleum sector
…the facts SML discussions ignore Until mid-December last year, Strategic Mobilisation Ghana Limited (SML) was like any ordinary business in the country – judiciously deploying its skills and talents in the concerted effort of nation building. Except for a few publications, mostly on its numerous corporate social responsibility (CSR) activities, the indigenous business quietly worked […]
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News
Tax analyst applauds govt for introducing Vehicle Income Tax
A Tax Analyst, Francis Timore Boi, has lauded the government’s move to introduce the Vehicle Income Tax (VIT). The Ghana Revenue Authority (GRA) announced that effective January 1, 2024, ride-hailing vehicle owners will be taxed. However, this has been met with resistance from the Online Drivers Union, who lament that as key stakeholders, the GRA […]
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Featured
GRA announces implementation of 10% tax on lotto winnings
The Ghana Revenue Authority (GRA) has reminded the public that a 10% tax will be withheld from all gross winnings from lotteries, betting, gaming, and other games of chance starting January 1st, 2024. This applies to both the National Lottery Authority (NLA) and private lotto operators (PLOs). While the tax was originally implemented in August […]
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Featured
Parliament passes VAT Amendment Bill
Parliament has approved the Value Added Tax Amendment Bill 2023 which imposes a 5 percent flat rate for the rental of commercial premises and the sale of immovable property by an estate developer. The VAT Amendment Bill 2023 also seeks to introduce a zero rate on locally produced sanitary pads and waive VAT on the […]
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Editors' picks
The domestic digital landscape in 2023: balancing growth, inclusion and tax
A major lesson from the past few years is that technology will continue to drive the growth of almost every sector of the economy. Mobile technology in particular remains a cornerstone, with mobile penetration contributing to the sector’s vibrancy. The proliferation of smartphones has opened up new opportunities for innovation, fostering the growth of mobile […]
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