Coronavirus downs oil revenue by 82% in first quarter

June 19, 2020 The country’s fears of losing substantial domestic revenue through the devastating impact of the coronavirus pandemic has been worsened as Bank of Ghana data shows only about 18 percent...

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June 19, 2020 / Comments (0)

Banks to be authorized for tax collection …as GRA sets GH¢52 bn revenue target for 2020

February 13, 2020 The Ghana Revenue Authority (GRA) plans to license banks in the country to accept the payment of taxes, as part of efforts to make the payment of taxes less stressful for taxpayers while...

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February 13, 2020 / Comments (0)

Government urged to promote manufacturing sector

January 17, 2020 The President of the Association of Ghana Industries (AGI), Dr Yaw Adu Gyamfi, has observed that the Ghana Beyond Aid agenda can be fully attained if the government focuses on the promotion...

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January 17, 2020 / Comments (0)

IMF pushes for increment of taxes …Re-introduce 17.5% VAT on financial services; Increase CST to 12% and move income tax to 35%

January 14, 2020 The International Monetary Fund (IMF) has strongly advised government to consider increasing some existing taxes and re-introduce others government branded as ‘nuisance’ and scrapped in...

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January 14, 2020 / 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)

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)

Parliament gives tax exemption to 1D1F investors

June 28, 2019 Parliament has given the Ministry of Finance the green light to grant “considerable” tax exemptions to private businesses that have been enrolled onto the government’s flagship...

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June 28, 2019 / Comments (0)

Adjustment in tax exemptions shouldn’t discourage FDIs—World Bank Africa Vice-President

April 1, 2019 The World Bank’s Vice-President for Africa, Dr. Hafez Ghanem, has advised government to be balanced in its intention to adjust tax exemptions granted foreign companies in order not to...

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April 1, 2019 / Comments (0)

Government targets 15% tax to GDP growth, as it echoes tough stance on tax compliance

February 12, 2019 The Ghana Revenue Authority (GRA) has been tasked to grow the contribution of tax revenue to the national economy from the 13.1 percent that was realised in 2018 to 15 percent this year....

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February 12, 2019 / Comments (0)

GH¢45.4bn tax revenue target to be revised upward

February 4, 2019 There is an ongoing discussion to revise upward the GH¢45.4billion tax revenue target for the 2019 fiscal year, Commissioner-General of the Ghana Revenue Authority (GRA), Emmanuel Kofi...

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February 4, 2019 / Comments (0)