Thursday, November 21, 2024

TAX

GRA reacts to helicopter gift to KNUST, insists mining firm must pay tax on the aircraft.

The Ghana Revenue Authority (GRA) has reacted to the brouhaha surrounding the gifting of two helicopters by a mining firm to the Kwame Nkrumah University of Science and Technology (KNUST). In a statement dated October 20, the GRA explained that...

High taxes crippling our businesses – Ghana Hotels Association cries.

The Ghana Hotels Association (GHA) has bemoaned the recent hikes in utility tariffs, taxes, and levies, saying “they are incredibly crippling the hospitality industry.” The hospitality industry already suffered tremendous losses from the COVID-19 pandemic, and instead of helping to...

No need for new taxes in mid-year budget review

A Tax Policy Analyst, Dr Alex Ampaabeng, has advised the Government against introducing new taxes in the 2023 mid-year budget review expected to be delivered on July 25.  He said while it was important to shore up domestic revenue, imposing...

Kenya will raise tax collections and reduce borrowing.

Kenya is planning to monitor its flourishing mobile money industry in a bid to catch tax cheats and also limit its borrowing to boost its finances and collections by 17%. President William Ruto’s government has been trapped by an indebted...

Revenue mobilisation, closing tax loopholes must feature in 2023 budget – Experts

The Minister of Finance, Ken Ofori-Atta, is expected to present the 2023 Budget Statement and Economic Policy of the government to Parliament today. The exercise which is in line with the Public Financial Management Act, 2016, Act 921, mandates the...
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Latest News

“Ghanaians make up a notable portion of US visa overstayers.”

Ghana has emerged as one of the African countries with high visa overstay rates in the United States, according...
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