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Monday 20 November 2017

2017-11-14

[N] E/R: Driver, 19, Jailed 8 Years For Kidnapping And Defiling Girl, 13
[N] Special Prosecutor could wait till 2019 if parliament misses 2017 passage
[N] Petroleum Revenue Mgt. Act breached for 7-yrs running – PIAC
[N] CEDTAG Strike action leaves colleges of education deserted
[N] Nduom is not presidential material -Maurice Ampaw
[N] Police blame Kasoa violent attacks on under-staffing

2017-11-10

[N] GMA indicts gov't for failing to employ medical doctors
[N] Ministers are not allowed to use sirens; Police order immediate removal
[N] Stay focused and deal with your controversies – Nana Addo to Zoomlion Boss
[N] We will face criminals boot for boots with ‘Father Xmas’ Operation -Ken Yeboah
[N] Step aside – Group to NDC Chairmen
[N] School Feeding Coordinators Trade Insults Over Naabu & Otiko
[N] Major Mahama bill passed

2017-11-09

[N] Free SHS: Ablakwa Donates Furniture to Schools
[N] Girls with excessive make ups may have ovary tumour – doctor
[N] Visitors pay GHc2 to see prisoners
[N] Consider our request to contest 2020 polls -NDC Chairmen to Mahama
[N] Colleges of Education still closed as talks over arrears fail
[N] Economic policies paying off - Prez
[N] Cancer disfigures head of 2-year old, sticks mother with ¢12,000 bill
[N] There is corruption in police service- COP Ken Yeboah
[N] 3 arrested in Kumasi for robbing, raping victims

2017-11-08

[N] Help Gov’t to achieve its revenue targets -Nana Addo to GHAPOHA
[N] NPA to close down 35 more high-risk LPG stations nationwide
[N] Uber adds Paid Wait Time; additional features for driver-partners
[N] ‘Bawumia is only confident, he knows nothing’- Minority
[N] A/R: Queen mothers grateful to 1st lady for KATH mother & baby unit
[N] If our bond was issued at 20% it would have been oversubscribed- Kwarteng hits b
[N] Tiger Eye F’dation Partners Klarity To Fight Corruption
[N] AG’s application against Indian businessman dismissed again

2017-11-07

[N] Bawumia behaving like a ‘heartless’ serial caller – Ofosu Kwakye
[B] 2018 budget to improve domestic revenue collection
[N] 24,377 cattle, 225 owners registered in Kwahu
[N] New agency inaugurated to boost revenue collection in oil and gas sector
[B] New Drivers’ License to be launched today
[N] Tell the true African stories through your writings – Nana Addo to PAWA
[B] Investor uncertainty, others impacted energy bond  

2017-11-06

[N] Sack Freddie Blay for defending Ayisi Boateng – Alhaji Sani
[B] Energy bond unsuccessful after two tries

2017-11-05

[N] 'We won't compromise on admission malpractices' - UCC & its affiliates
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Business

[ 2017-11-07 ]

2018 budget to improve domestic revenue collection
Finance Minister, Ken Ofori-Atta has stated that
the 2018 budget which will be presented in
parliament later this month will use innovative
ways to improve domestic revenue collection for
economic development.

This follows calls from the Institute of Fiscal
Studies, urging government to use the 2018 budget
to improve tax collection by broadening the tax
base.

Speaking at the 38th Annual Technical Conference
in Accra, Ken Ofori-Atta stated that it is
important to improve tax collection since Ghana’s
tax to GDP ratio is below what is required for
economic development.

He hinted that improving domestic revenue is one
of the critical areas that the budget will
address.

“We are in the middle of our tax budget season and
the budget will be read on November 15th and the
challenges are obvious to us in terms of where we
are as a nation,” he observed.

“Currently tax to GDP is about 16 percent which is
much lower in terms of where we are as a nation
which is much lower than it should be since we
should be looking at about 22 to 25 percent and
that possess a challenge,” he said.

Giving some figures, Mr. Ofori-Atta pointed out
that the tax compliance among the informal sector
is too low despite the economic activities
generated in that sector.

This, he said has put the tax burden on a few
workers in the formal sector, affecting
government’s revenue projections.

“We have a situation where about 4 million people
in the formal sector and about 1.1 million are
paying taxes of about 3.5 billion”.

GRA targets 40bn domestic revenue

Meanwhile, the Ghana Revenue Authority (GRA) has
hinted that it may target over 40 billion cedis
revenue generation in the 2018 budget to boost
government revenue base.

The Commissioner General of the Ghana Revenue
Authority (GRA), Emmanuel Kofi Nti stated that the
authority intends to improve its operations to
meet the target.

Source - citibsinessnews.com



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