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Tag: Tax

Ghana Loses GH₵4.6 Billion to Tax Exemptions in 2023

February 20, 2025February 20, 2025

  • by Frank Aboagye Jackson
  • Leave a Comment on Ghana Loses GH₵4.6 Billion to Tax Exemptions in 2023

Ghana Loses GH₵4.6 Billion to Tax Exemptions in 2023

Ghana's Finance Ministry has reported that the country incurred GH₵4.6 billion in tax expenditures in 2023, a slight decrease from the GH₵4.8 billion recorded in 2022. While this indicates a marginal improvement, the substantial amount of exemptions, particularly import waivers, continues

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Local Manufacturers Protest 5% Tax On Plastic Products

May 30, 2024May 30, 2024

  • by Frank Aboagye Jackson
  • Leave a Comment on Local Manufacturers Protest 5% Tax On Plastic Products

Local Manufacturers Protest 5% Tax On Plastic Products

Local Manufacturers in the country have kicked against the imposition of a 5% excise tax on locally produced plastic products. They say the tax if not suspended will adversely affect the business community and compound the living conditions of the everyday

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Domelevo: Current Tax Practices Unsustainable

April 8, 2024April 8, 2024

  • by Frank Aboagye Jackson
  • Leave a Comment on Domelevo: Current Tax Practices Unsustainable

Domelevo: Current Tax Practices Unsustainable

Former Auditor-General, Daniel Domelevo, has characterised the country's tax system as a blatant form of robbery. In his assessment, the tax system is detrimental to taxpayers, as it imposes heavy burdens on them. Mr. Domelevo highlighted the constant taxation endured by

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Tax On Ride Hailing Vehicles Part Of Measures To Expand Tax net – GRA

December 27, 2023December 27, 2023

  • by Frank Aboagye Jackson
  • Leave a Comment on Tax On Ride Hailing Vehicles Part Of Measures To Expand Tax net – GRA

Tax On Ride Hailing Vehicles Part Of Measures To Expand Tax net – GRA

The Commissioner General of the Ghana Revenue Authority (GRA), Rev. Dr. Ammishaddai Owusu-Amoah has defended the decision to tax the owners of ride hailing vehicles. According to him, placing the Vehicle Income Tax (VIT) on owners of ride hailing vehicles is

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