COVID-19: Africa risks losing US$500bn in tax revenue – AU

April 15, 2020 With the continent’s growth expected to shrink by as much as 9 percent as a result of the coronavirus pandemic, the virus is also expected to result in losses of about 30 percent of...

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April 15, 2020 / Comments (0)

GRA issues 3.74m TINs

January 21, 2020 The Ghana Revenue Authority (GRA) has issued 3.74 million tax identification numbers (TINs) to individuals since it started issuing the numbers in 2012. Last year alone, it registered 1.374...

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January 21, 2020 / Comments (0)

20 million dollar fund to be set up for small businesses

November 19, 2019 The Minister of Business Development, Dr Mohamed Ibrahim Awal, has announced plans by the government to set up a special fund to support small businesses to expand their operations and...

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November 19, 2019 / Comments (0)

Firms to be ranked on tax compliance

November 11, 2019 A non-governmental organisation (NGO), Oxfam Ghana, is to introduce an initiative to rank companies based on their tax compliance in the country. To be named Ghana Responsible Tax Index...

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November 11, 2019 / Comments (0)

GRA loses millions in revenue; as its lacks data to tax online companies

November 7, 2019 The country is losing millions in uncollected revenue from profitable online-based businesses, due to the lack of specific tax laws and the absence of a proper database of all online...

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November 7, 2019 / Comments (0)

Economic outlook ‘favourable’- IMF …despite rising debt stock

October 11, 2019 The International Monetary Fund (IMF) has endorsed the country’s economic performance and future outlook, describing it as “favourable” despite concerns expressed over the rising debt...

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October 11, 2019 / Comments (0)

Ghana, among fastest-growing economies in the world — Report

October 10, 2019 Ghana is among the fastest-growing economies in the world, a World Bank report has stated. The other countries are Ethiopia, Rwanda and Cote d’Ivoire. The four countries, which are...

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October 10, 2019 / Comments (0)

GRA to clamp down on tax defaulters

September 20, 2019 The Ghana Revenue Authority will from Monday, September 23 embark on a tax compliance exercise to clamp down on corporate institutions and individuals that reneged on their tax obligations....

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September 20, 2019 / Comments (0)

No new taxes in 2020 – Mr. Kwaku Kwarteng

September 11, 2019 The government has no plans of introducing new taxes in the 2020 budget to be laid before Parliament in November, a Deputy Minister of Finance, Mr Kwaku Kwarteng, has assured. In what is...

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September 11, 2019 / Comments (0)

Talk tax goes up by 9 percent

July 30, 2019 Consumers will now have to brace up to pay more for usage of communication services to their respective telecommunication networks following government’s decision to increase it from six...

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July 30, 2019 / Comments (0)