The mining sector is facing a challenge that could erode its competitive edge and cripple future growth, the Ghana Chamber of Mines has warned. The Chamber is raising red flags over new tax measures that could drive exploration firms away, choke investment, and even collapse some existing mining companies. Speaking onContinue Reading
During his presidential campaign, President John Dramani Mahama hinted at removing the controversial 10% tax on all winning’s bets. Now that he has assumed office, should he go ahead and abolish it? The 10% withholding tax on winnings was imposed by the previous administration in the hope of curbing the rateContinue Reading
Dr Cassiel Ato Forson, the Finance Minister-designate, has outlined his vision to raise revenue without resorting to tax increases, emphasising a focus on improving compliance. Appearing before the Appointments Committee of Parliament, Dr Forson pledged to collaborate with the Ghana Revenue Authority (GRA) to strengthen tax collection systems and enhanceContinue Reading
The Association of Ghana Industries (AGI) has urged President Mahama’s new government to promptly honor its commitment to streamline Ghana’s tax system. The association believes this would provide much-needed relief to struggling businesses. Highlighting the challenges faced by manufacturers, AGI noted that growth in the sector has been stifled byContinue Reading