The founder of the New Force, Nana Kwame Bediako, has denied tax evasion claims by the Ghana Revenue Authority (GRA). The leader of the New Force made headlines in the state newspapers for his failure to file personal income tax returns from 2013 to 2016, and was fined an amount of GH¢50,000. Also, the publication […]
Tag: tax
Schwarzenegger detained over tax for luxury watch
Arnold Schwarzenegger was detained at a German airport for allegedly failing to declare a luxury watch he was planning to auction for charity. The Hollywood actor was held for three hours at Munich airport on Wednesday. An investigation for alleged tax evasion was launched as the watch was intended to be sold within the European […]
Taxes on sanitary pads unfair – Speaker of Parliament asserts
The Speaker of Parliament, Alban Bagbin, has expressed strong abhorrence at the imposition of taxes on sanitary pads in the country. He described the passage of laws by Parliament to impose the tax on sanitary pads as “unconscionable and a cardinal sin.” “This House should not have allowed it at all; you know the impact […]
Interest cost wipes off 55% of tax revenue – Inflation, cedi fall to blame
OF every cedi collected in tax revenue this year, more than 55 pesewas will be used to service the debt. When measured against this year’s projected total revenue and grants, debt service cost is estimated to wipe off more than 43 pesewas of every one cedi that will be accrued to the state. This follows […]
Tax on sports betting: Razak Kojo Opoku tackles Cassiel Ato Forson
God created everything that exists through WORDS and NUMBERS. Every knowledge acquired is through WORDS and NUMBERS. Our everyday transactions, trading and communications are based on WORDS and NUMBERS. Lotteries and sports betting deal with NUMBERS aspect of creation aimed at generating revenue for national development, and for human empowerment financially. There is absolutely nothing […]
Mineworkers Union applauds gov’t on TIN, Tax Stamp et al
The Ghana Mineworkers Union (GMWU) has lauded government for the rigorous enforcement of the Tax Identification Number (TIN), National ID Card, and the implementation of the tax stamp all of which are geared toward expanding the tax net. General Secretary of the Mineworkers Union (GMWU), Prince William Ankrah, speaking at the union’s National Executives Council […]
Recover outstanding tax liabilities from businesses—Ofori-Atta charges GRA
The Minister of Finance, Mr. Ken Ofori-Atta, has charged the Ghana Revenue Authority (GRA) to take steps to recover all outstanding tax liabilities and tax debts owed government by businesses and taxpayers before close of the year. A statement issued by the Office of the Commissioner General of GRA charged the GRA Board to take […]