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An economist and research fellow with the Institute for Fiscal Studies (IFS), Dr. Adu Owusu Sarkodie is admonishing government to focus more on domestic revenue mobilisation as it prepares to present the 2019 Budget Statement and Fiscal Policy to Ghanaians on 13th November 2019. According to him, revenue generation is …
Read More »Government exposed over GH¢800m GAT cash
Contrary to earlier claims by the government that is not providing some GH¢800 million to the Ghana Amalgamated Trust (GAT) to support NIB and ADB, it is emerging that such a move has actually been initiated. The minority in parliament through its spokesperson on Finance Isaac Adongo last Tuesday accused …
Read More »Taxes on fuel: Tax to go up in budget review – Ato Forson
Former deputy Finance Minister Cassiel Ato Forson has urged Ghanaians to buckle up as government readies itself to announce an increment in the tax on fuel and talk tax in the mid-year budget review. He said an increase in the fuel tax will immediately affect the price of fuel at …
Read More »Reject tax increment in 2019 mid-year budget – Jinapor
A former deputy minister of Energy and Petroleum John Jinapor is rallying Ghanaians to reject any tax increment in the 2019 Mid-year budget review on Monday. According to him, the move will lead to unbearable hardships on Ghanaians. The finance minister Ken Ofori-Atta is expected to present the 2019 Mid-year …
Read More »Bagging only GHC25m from ‘ill-advised’ luxury car tax means it must go – Mahama
Former President John Mahama has said he will scrap the luxury car tax imposed by the Akufo-Addo government, should he win the 2020 general elections. The “ill-conceived” tax, he said, has brought untold hardship to commercial drivers and their business, thus, his aim to let it go. During his pre-Easter …
Read More »Tax exemption policy threatening fiscal stability – Akufo-Addo
President Akufo-Addo has admitted that Ghana’s tax exemption policy is gradually becoming a menace to the country’s fiscal stability and revenue generation ambitions. Speaking on tax exemptions at the State of the Nation Address in Accra yesterday, the President indicated: “Revenue mobilization poses the biggest challenge in the management of …
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