Author Archives: larryehu

2022 Budget: Gov’t announces new ways to collect property taxes

Minister for Finance, Ken Ofori-Atta, says government as part of efforts to improve its revenue mobilization has introduced innovative measures to collect property taxes in the country. Presenting the 2022 budge statement and economic policy on the floor of Parliament on Wednesday, November 17, 2021, the Minister said government is looking to assisting the Metropolitan Municipal and Districts Assemblies (MDAs) ...

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Gov’t has reduced withholding tax rate for sale of unprocessed gold – Ofori Atta

Finance Minister Ken Ofori Atta has said that exports of unprocessed gold by small-scale miners through official channels have dwindled from over one million six hundred ounces in 2019 to below one hundred thousand ounces as of September 2021 through smuggling. To stem this tide, he said the government in consultation with the stakeholders in the industry has decided to ...

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Gov’t introduces e-levy on mobile money transactions

Finance Minister Kenneth Nana Yaw Kuntunkunuku Ofori-Atta has announced a new levy to be charged by government in 2022 on all electronic transactions to widen the tax net and rope in the informal sector. “It is becoming clear there exists enormous potential to increase tax revenues by bringing into the tax bracket, transactions that could be best defined as being ...

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Gov’t has reduced withholding tax rate for sale of unprocessed gold – Ofori Atta

Finance Minister Ken Ofori Atta has said that exports of unprocessed gold by small-scale miners through official channels have dwindled from over one million six hundred ounces in 2019 to below one hundred thousand ounces as of September 2021 through smuggling. To stem this tide, he said the government in consultation with the stakeholders in the industry has decided to ...

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Let’s burden-share to grow Ghana’s economy – Ofori Atta

Finance Minister Ken Ofori Atta has asked all Ghanaians to join hands in growing the local economy to benefit all. Presenting the 2022 budget statement in Parliament on Wednesday November 17, he said every adult Ghanaian will have to contribute to the delivery of critical infrastructure, social services and improve lives. This revenue mobilisation, he said, must be a collective ...

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Akufo-Addo not sleeping due to Ghana’s current economic challenges – Ofori-Atta

Minister of Finance Kenneth Nana Yaw Ofori-Atta has admitted that the country is facing economic challenges due to the high expenditure which characterised the 2020 financial year. He told legislators on Wednesday, November 17 that the country recorded a total budget deficit of 15 percent of the gross domestic product (GDP) in 2020. As a result, he stressed, President Nana Addo Dankwa ...

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My Marriage In Shambles, Nayas Bares It All

Popular Kumawood actress Nayas has disclosed that she met her husband, courted, and got married within a month. Nayas said her husband prevented her from telling the truth and rather insisted that she tells the public they dated for two years before tying the knot. Nayas made these statements while admitting that all is not well with her marriage. The ...

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Gov’t abolishes all tolls on public roads and bridges

The Finance Minister Ken Ofori Atta has said, the government has abolished all tolls on public roads and bridges. During the presentation of the 2022 budget statement to Parliament on Wednesday November 17, he said this takes effect immediately the Budget is approved (after appropriation or now?). The toll collection personnel will be reassigned. “Government will complete its work with ...

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2022 Budget: NABCO recruits to enjoy one year contract extension

Government says the remaining 67,000 beneficiaries of the Nation Builders Corps (NABCO) who have not yet secured jobs will not be laid off this year. Instead two windows; the YouStart program and a Digital inclusion program will gradually absorb them in batches during the next fiscal. Announcing this during the presentation of the 2022 budget statement and economic policy in ...

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