The Minister of Finance, Ken Ofori-Atta, has urged taxpayers to file their tax returns for 2021 with the Ghana Revenue Authority (GRA) by the end of April 2022 to ensure compliance with the tax laws and promote revenue mobilisation. His call, he explained, was in line with the Income Tax Act 2015 (Act 896) and […]
The Ghana Chamber of Bulk Oil Distributors (COBD) has forecasted an up to ¢1 per litre reduction in the price of petrol and diesel by April 1, 2022. This follows several engagements the COBD had with the Bank of Ghana (BoG) and stakeholders to fashion out interventions aimed at reducing the prices at the various […]
Cabinet has given approval for Ministers and Heads of State Owned Enterprises (SOEs) to contribute 30 percent of their salaries from April to December 2022 to the Consolidated Fund. The Minister of Finance, Ken Ofori-Atta, who announced this today [Thursday, March 24, 2022] at a press conference in Accra, commended the Council of State in their […]
The Minister of Finance, Mr Ken Ofori-Atta, has called for increased political commitment from the governments of West African states to combat illicit financial flows. He said such commitment and political will would help eliminate the criminal activities such funds were used to support. He noted that a reduction in the menace would help reduce […]
The Deputy Majority Leader has revealed that the Finance Minister, Ken Ofori-Atta, will withdraw the controversial Electornic Transactions Levy (E-levy) in Parliament and re-introduce same later. Alexander Afenyo-Markin said government will withdraw the controversial levy on Tuesday, February 15. Presenting the business statement for Parliament next week, the Effutu MP said the e-levy will be […]
The government has concluded extensive consultations with key stakeholders on the electronic transactions levy (E-Levy) to help build consensus around the passage of the revenue measure. It has also secured the blessing of telecommunication companies (telcos) on the levy in the spirit of burden sharing, which has caused the firms to agree to shave off […]
The Ghana Revenue Authority (GRA) has stepped up efforts to ensure that all tax defaulting companies honour their obligations to the state in order for the authority to meet its revenue target for the year. Consequently, the authority has ordered seven directors of three companies to report to its Domestic Tax Division for discussions on […]
The Ministry of Finance has refuted allegations that a private company has been awarded a contract to collect the proposed Electronic levy (E-levy) on Mobile Money transactions, inward remittances and ATM withdrawals. Instead, the Finance Ministry in a statement issued yesterday said the Ghana Revenue Authority is the state agency mandated to collect the levy […]
The government has made concessions in the 2022 Budget Statement as part of consensus-building around the policy document. The concessions include the exclusion of mineral royalties collateralisation in the Agyapa Royalties deal, the earmarking of about GH¢10 million to complete feasibility studies and engineering for coastal communities adversely affected by tidal waves, as well as […]
The government is rolling out a GH¢10-billion package over three years as support for start-up businesses and youth entrepreneurship ventures in the country. In line with this, the government, through the E-Levy, proposes to use GH¢1 billion each year to catalyse an ecosystem to create one million jobs. In partnership with its development partners, the […]
The government expects to mobilise about GH¢6.5 billion from the newly introduced E-Levy next year, the Minister of State at the Ministry of Finance, Mr Charles Adu Boahen, has told Graphic Online. The levy imposes a 1.75 per cent tax on mobile money and other electronic (E) transactions that exceed GH¢100 per customer per day. […]
Finance Minister, Ken Ofori-Atta has indicated that the 2022 budget will be heavy on job creation and entrepreneurship. According to him, government is committed to putting in place those measures that will help deal with the unemployment situation in the country as well as recent challenges with the employment of fresh graduates for the public […]
