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 […] The post Taxing
The International Monetary Fund (IMF) has reached the staff-level agreement on review of the extended credit facility with Ghana. The IMF in a statement released on Saturday April 13, 2024, said Ghana will have access to about US$360 million in financing once the review is approved by IMF Management and formally completed by the IMF […] The post IMF
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 […] The post Govt’s
Fresh data from the Bank of Ghana (BoG) shows banks still favour investments in government securities over and above extending credit to the private sector, meaning that businesses have access to less purchasing power in real terms. Governor Ernest Addison, in a press briefing for the 117th Monetary Policy Committee (MPC) meetings, revealed that compared […] The post Editorial:
The post Oxfam Tax Dialogue: Is Ghana’s tax regime fit for purpose? appeared first on Citinewsroom - Comprehensive News in Ghana.
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 […] The post Oxfam
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. […] The post For
By Roselyn Fosuah ADJEI Over the past few years, intense media scrutiny has prompted a growing number of companies to pursue high-quality carbon credits. Seeking to avoid accusations of ‘greenwashing’, many of these firms are no longer content with merely offsetting their emissions and have been actively seeking credits that deliver tangible benefits to local […] The post Carbon
Heightened corporate demand and persistent foreign exchange (FX) pressure has seen the local currency plummet against major trading currencies, reflecting mounting concerns over inflationary pressure and liquidity dynamics. This is despite the over US$106.10million injection into the FX market through the Bank of Ghana’s (BoG) spot market operations, and bulk oil distribution companies (BDCs). Corporate […] The post
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 […] The post
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 […] The post Granting
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 Read More... The post E-Levy, Bet Tax, Emissions Levy To Go– Bawumia appeared
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 […] The post Emission
The post Imposition of Tax: IMF would be laughing at us by now – Kabutey Ocansey | Breakfast Daily appeared first on Citinewsroom - Comprehensive News in Ghana.
…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 […] The post
as inflation eats away 92% of currency’s value since 2007 The cedi’s struggle to maintain value beyond the short term continues to raise concerns about the economy’s long-term transformation, financial expert Adjei Boateng has said. Mr. Boateng, a chartered financial analyst (CFA), highlighted the cedi’s significant devaluation, losing 91.6 percent of its value since the […] The post
The World Bank Group has welcomed the agreement in principle on the key parameters of the proposed debt restructuring for Ghana reached by the Official Creditors’ Committee under the G20 Common Framework. This agreement, which is consistent with the Joint WB-IMF Debt Sustainability Framework, represents a critical milestone toward restoring debt sustainability in this country. […] The post World
In light of the significant opportunities that Artificial Intelligence (AI) holds for fostering sustainable growth and development in Africa, government has taken steps to oversee and regulate the technology’s utilisation within the country. Currently, improved digital connectivity, growing data volumes, advanced algorithms and enhanced computing power are driving technological progress in AI. Against this background, […] The post
The government has announced that it has reached an agreement with its Official Creditors in restoring debt sustainability in line with the International Monetary Fund (IMF) programme targets. The government is seeking to secure the 2nd tranche of the IMF bailout after securing the 1st tranche in 2023. The government embarked on a Domestic Debt […] The post IMF
Founder and Board Chairman of Quick Credit, Richard Nii Armah Quaye, has announced that his company will no longer undertake house-to-house recovery of loans. Quick Credit had been in the news in the past months due to the activities of its loan recovery officers. Videos on social media capture confrontations between these officers and customers […] The post Quick Credit
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