BUSINESS

Ghana Cocoa Board will raise $1.3 billion in syndicated loans for its operations in the 2019/2020 season, the Minister of Finance Mr Ken Ofori-Atta announced in Parliament on Monday. In addition to the annual syndicated loan of US$ 1.3 billion, COCOBOD has initiated processes with the African Development Bank (AfDB) …

Government has announced that it is increasing Communication Service Tax (CST) to nine per cent. The move, according to the Finance Minister Ken Ofori Atta was to develop the foundation for the creation of a viable technology ecosystem in the country. “This will comprise amongst others putting in systems to …

Government has withdrawn the luxury vehicle tax which was introduced last year. The Finance Minister, Ken Ofori – Atta, in his mid-year budget review in Parliament, said while the tax was introduced to raise revenue, “we have noted suggestions from the general public on the implementation of this tax.” The Luxury Vehicle …

The government of Ghana is seeking approval for extra expenditure of some GHS 6.4billion in its Mid-Year Review and Supplementary Estimates. This was contained in the Order of Business of Parliament on Monday, 29 July 2019 ahead of the Mid-Year Review Budget presentation to parliament by Finance Minister, Ken Ofori-Atta. …

Hundreds of protesters claiming to be customers of Gold Coast Securities on Monday besieged the premises of Parliament and the Accra International Conference Centre (AICC) appealing to President Nana Addo Dankwa Akufo-Addo and legislators to help them retrieve their locked up cash with the Non-banking financial institution. Customers of the …

The Minister of Finance, Ken Ofori-Atta is expected to be in Parliament on Monday, July 29, 2019 to present to the House, a review of Ghana’s 2019 budget. The presentation of the mid-year budget review is in accordance with Section 28 of the Public Financial Management Act, 2016 (Act 921). …

The Minister of Finance, Ken Ofori-Atta is expected to be in Parliament today to present to the House, a review of Ghana’s 2019 budget. The presentation of the mid-year budget review is in accordance with Section 28 of the Public Financial Management Act, 2016 (Act 921). Ahead of the presentation, …

The Finance Minister, Ken Ofori-Atta will today [Monday, July 29, 2019] present the mid-year budget review and supplementary estimates in Parliament in accordance with Section (28) of the Public Financial Management Act, 2016 (Act 921). The presentation had been postponed twice. Ahead of the presentation, some pressure groups have warned …

Pro-government newspaper, The Daily Statesman, has hinted that the Finance Minister will announce an increase in petroleum and mobile tax today. Ken Ofori-Atta, will address Parliament Monday morning to ask for more money to meet mainly urgent and priority infrastructural demands as the huge costs of saving the financial sector …

Introduction Part 1 examined nine VAT measures that are extolled as fiscal success and concluded by noting several flaws that negate their effectiveness: distortion of the tax structure, increase in tax burden, and not non-achievement of ambitious revenue targets for almost three (3) years. Part II discusses the Energy Sector …