The Communications Ministry has ordered Mobile Network Operators (MNOs) to stop passing on the 9% Communication Service Tax (CST) to subscribers. In a letter addressed to the National Communications Authority (NCA), and published in full below, the Communications Ministry stated that the CST should be treated the same way VAT, NHIL, GETFUND levy and all other taxes and levies imposed on entities ...
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‘It’s one of the possibilities’ – Gov’t hints of tax increase on utilities
Taxes on utilities could go up in a government attempt to raise revenue to fight filth across the country, the Deputy Sanitation Minister has hinted. “It is one of the possibilities,” Michael Yaw Gyato told Evans Mensah on JoyNews’ PM Express programme on Monday. He said some options that “the people of Ghana can look at is: we can put ...
Read More »Many unaware of Communication Service Tax
The Communication Service Tax (CST) has taken effect but many in the public remain unaware of its implementation. The CST was hiked from six per cent to nine per cent in the mid-year review and supplementary budget presented to Parliament by Mr Ken Ofori-Atta, the Minister of Finance. This, would affect the cost of telecommunication services rendered to customers by ...
Read More »Government to streamline collection of employment data
The Ministry of Employment and Labour Relations (MELR) is working with stakeholders to streamline standards and centralise employment statistics generated within the productive sectors for effective reporting and targeting. This, the Ministry said, would ensure easy disaggregation and analysis of employment data by the Ministries, Departments and Agencies and the Metropolitan, Municipal and District Assemblies for use by policymakers towards ...
Read More »Vodafone begins charging customers for 9% Communication Service Tax
Vodafone Ghana says it started charging its customers the revised Communication Service Tax (CST) from this month. In a notice, the telecoms operator noted that “this is to inform you that increment in the Communication Service Tax (CST) as announced in the Mid -Year Budget Review took effect from August 19.” Vodafone added that the review of the tax from ...
Read More »GRA directs telcos to start charging revised Communication Service Tax
The Ghana Revenue Authority (GRA) has directed the Telecom Operators to start charging their customers the revised Communication Service Tax. The directive JoyBusiness understands was contained in a letter to the telcos on September 4 2019. This was after the levy together with taxes outlined in the Supplementary Budget, secured President Akufo Addo’s signature last month. For now, the implementation ...
Read More »U S, Ghana sign agreement to increase investments in agriculture
The governments of the United States of America and the Republic of Ghana signed a Declaration of Partnership at the African Green Revolution Forum hosted in Accra. The Declaration launches a five-year Feed the Future Country Plan for Ghana that will increase investments in agriculture, build greater resilience, and improve household nutrition. Feed the Future is the U.S. Government’s global ...
Read More »Rural Banks pledge to offer more credit facilities to farmers
Twenty Four Rural and Community Bank Managers across the country have pledged their commitment to offer credit facilities to farmers with Warehouse Receipts from certified warehouses. The bank managers also indicated that giving more loans to the farmers will enable them to increase their agricultural portfolios while supporting farmers to produce more food to expand their respective local economies. The ...
Read More »Ghana might suffer if AFCFTA integration is not done properly – GUTA president
The President of the Ghana Union of Traders Association, Dr. Joseph Obeng has told traders in Ghana, to take advantage of the African Free Continental Free Trade Area. “This is one of the best things to happen to the continent of Africa and we are excited and keen to have it. To think about a creation of a market the ...
Read More »Gov’t to improve the low standard of living of smallholder farmers
Agric Minister, Dr Owusu Afriyie Akoto as cited the low welfare of smallholder farmers as the leading challenge to improving crop yields in Ghana. The minister, at the Leadership for Agriculture Forum, has revealed that some radical programs will be adopted in the coming weeks to make Ghana’s smallholder farmers well-resourced and competitive. “Our smallholder farmers are one of the poorest ...
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