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2021-04-07

[N] As Majority Leader be circumspect with your utterances

2021-03-19

[I] Goldman Sachs staff revolt at ‘98-hour week’
[I] Over half of staff go back to workplace
[I] Health chiefs confirm Oxford-AstraZeneca Covid jab safe to use
[S] Kotoko Signs Second Brazalian Player
[N] It Is A Blatant Lie That I’ve Declared My Prez Ambition-Agric Minister
[S] Accra Mayor to change face of sports in Greater Accra
[S] Ambassador Lutterodt charges GOC prez to tackle Martha Bissah issue
[S] Ben Nunoo-Mensah hits ground running for GOC
[S] Black Stars to Engage Uzbekistan In International Friendly
[N] House of Chiefs calls for collaboration with MMDCEs for development
[N] Baby Harvesting: More suspects picked
[N] Police pledge commitment to bringing Sheikh Maikano’s murderers to book
[B] ARB Apex Bank admitted to Ghana-Sweden Chamber of Commerce
[N] Desist from starting race ahead of time - Obiri Boahen to NPP presidential
[N] Gov’t announces construction of five interchanges in Ashanti
[N] Controversial textbooks: NPP urges NaCCA to enforce rules without fear or favour
[N] Staff working on Tamale interchange call off strike
[N] Newly proposed taxes a huge hindrance to businesses’ recovery
[N] Government can’t take a unilateral decision on salaries for public workers
[N] Ghana records 2 new Covid-19 variants; experts call for immediate action

2021-03-17

[S] First GFA safety and security seminar takes place today
[B] NDPC holds consultation medium term framework for 2022-2025 in Oti
[B] More investments recorded in Western Region despite COVID-19
[N] Ghana records 698 COVID-19 deaths
[N] NDC’s Ofosu Ampofo behaves like a toddler – Allotey Jacobs
[S] Don’t tax sports betting, ban it – Ato Forson to government
[N] Ama Benyiwaa Doe slams Allotey Jacobs; says he has no influence
[N] Approving Akufo-Addo’s ministers ‘regrettable and unfortunate’ – NDC caucus
[S] Don't rush Satellites players, warns GFA coaching boss
[N] Eastern Regional Hospital detains 246 patients for non-settlement of bills
[N] COVID-19 vaccination in Ghana: 1,000 reports received on adverse effects
[N] Ignore reports of rift between local, foreign staff at AfCFTA secretariat – Govt
[N] Remain calm, support our leadership in Parliament – NDC Council of Elders
[N] Ghana hasn’t recorded any case of blood clots from COVID-19 vaccination – FDA
[N] 9-year-old boy burnt to death as stepfather sets house ablaze
[B] Budget cuts for legislature, judiciary won’t be entertained – Speaker
[I] Half of UK managers back mandatory Covid vaccines for office work
[I] Brussels to propose Covid certificate to allow EU-wide travel

2021-03-16

[I] Nick Candy leads £1m drive to oust London mayor Sadiq Khan
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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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