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Home Africa

Ghana to introduce new tax measures in its midyear budget

FurtherAfrica by FurtherAfrica
July 10, 2018
in Africa, Economy, Ghana, Legislation, Tax
Reading Time: 1 min read
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Only 10 out of 2000 Tanzanian companies pay mining taxes
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Ghana is to introduce  in its midyear budget which Accra says is crucial to improving revenue generation for the next half of 2018.

The Ministry of Finance said the measures were needed to maintain fiscal stability to enable the government to meet its expenditure projections for the rest of the year, Ghana Web reported on Monday.

A midyear budget, outlining the new policy measures, will be presented to parliament later this month by Finance Minister Ken Ofori-Atta.

Kweku Kwarteng, Deputy Minister in Charge of Revenue at the Ministry of Finance, further explained that the new tax measure would ultimately boost private sector growth without burdening it while simultaneously creating fiscal space for the government over an extended period.

Source: Business Report

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Tags: FeatureGhanaGhana Deputy Minister in Charge of Revenue at the Ministry of FinanceGhana Finance MinisterKen Ofori-AttaKweku Kwartengnew taxtax measuresганаغاناガーナ加纳
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Founded in 2015 FurtherAfrica is an online platform centralising news and content focusing on the development and growth story of the African continent.

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