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Friday 20 October 2017

2017-10-12

[N] PURC boss, Samuel Sarpong, sacked
[N] Don’t stampede gov’t into closing fuel stations – OMCs
[N] £350k Scandal: Otumfuo clean – Sacked Bank Official
[N] 245 suspected drug peddlers, prostitutes arrested in Ashanti
[N] Don’t follow ‘malicious’ social media – Rawlings advises Media General
[N] Gov’t withdraws Zongo Development Fund bill

2017-10-11

[B] Ghana woos investors at IMF/World Bank Meetings
[B] Hybrid power stations to add 850MW to grid
[N] Agric College Students Picket At MoFA Today
[N] We don’t need cabinet meeting to solve gas explosions – Namoale
[N] Cost of home loans drop to 30.6 %
[B] Ghana’s exports rise to $ 8.9 billion
[N] Gov’t investigating report of Ghanaian ISIS fighters – Majority
[N] Tension in Bimbila ahead of late chief burial Thursday
[N] Akufo-Addo's 'one achievement, one launch' is new NPP strategy
[N] God is the reason - 13-year-old KNUST student says
[N] Workers on the Kejetia market project to lay down tools following threats
[N] Parliament tasks 3 committees to investigate gas explosions
[N] Mansco Gas must compensate explosion victims – Mahama Ayariga
[N] Police accused in Delta Force 13 case

2017-10-10

[B] Airlines upbeat about boost in business
[N] Earlier charges against Delta Forces dropped
[N] SUNDA Int. & TWYFORD Ceramics donate to gas explosion victims
[N] Operation to ban public smoking in Tamale to be activated after six arrested in
[N] AUCC founder launches book about his life as public servant and private citizen

2017-10-09

[S] Ghana Rugby team beats Mauritius in impressive Sevens campaign
[N] Thieves steal car at Legon after man fled from Atomic gas explosion
[N] Fuel explosions: NPA to employ 200 extra safety auditors – Agyarko
[N] Petrochemical workers opposed gov’t's new policy on gas explosions – Abu Ramadan
[N] Kwadaso Agric. College Students boycott lectures over unpaid allowances
[N] Court grants withdrawal of application against lawyer for EC boss
[N] Nana Addo to personally pay for presidential correspondent’s funeral
[N] NDC financiers, others frustrated our fight against 'illegal' fuel stations - Ay
[N] New Ya-Naa Will Be My 1st Year’s Crowning Achievement – Akufo-Addo

2017-10-08

[N] Kwadaso MP visits flood prone areas after heavy down pour
[I] Ellen Johnson Sirleaf Touts Legacy As She Prepares To Step Down  
[N] Wassa Akropong Shooting; 4 Arrested
[N] Brother Of 13-Year-Old KNUST Student To Break Sister’s Record
[N] Encroachment of Owabi Forest cause of flooding at Atafoa- Assemblyman
[N] Kwadaso: building kills 2, 1 in critical condition
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General News

[ 2017-03-20 ]

Goldfields pays 0.5 billion cedis in taxes for 2016
Goldfields Ghana Limited has emerged as the
largest taxpayer for the government of Ghana in
2016.

The mining firm paid 501 million cedis (0.5
billion cedis) in direct and indirect taxes to the
Ghana Revenue Authority (GRA).
Of the amount, Royalties accounted for the
highest.

The company paid 196 million cedis in Royalties
representing 39.12 percent of the total tax
amount.

The second highest was Corporate tax which
accounted for 159 million cedis representing 32
percent.

This was followed by Pay as you earn (PAYE) and
Withholding taxes with 94 million and 52 million
cedis respectively.

In March 2016, the government granted tax and
royalty concessions to Gold Fields Ghana Limited.

This was part of the stability agreement reached
after three year talks with the government to ease
its tax burden on Gold Fields.

The stability agreement Citi Business News
understands will help Gold Fields in saving some
33million dollars at its two mines which will feed
into its deliberations about the future of its
Damang mine.

In an interview with Citi Business News the Chief
Executive Officer and Executive Director of Gold
Fields Nick Holland said the agreement is a
win-win for the company and Ghana.

Meanwhile the GRA has announced plans to clamp
down on the tax evasion by some mining companies.

In a recent interview with Citi Business News, the
Head of Special Revenue Mobilisation task force,
Henry Sam said his outfit will be reconciling the
amount of taxes paid by the suppliers of mining
equipment with refunds claimed under the law.

The suppliers in 2016, claimed over 500 million
cedis in refunds.

Source - citibsinessnews.com



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