Dr Sajid Mukhtar Chaudhry, Senior Lecturer of Finance Economics, Aston Business School of Aston University, United Kingdom, has proposed new taxes on high profits of banks and investments on treasury securities. He explained that a risk-based tax scheme was needed to incentivize banks to focus on core business of lending…
According to him, contrary to calls for government to cut its expenditure, government rather needs to increase its expenditure in these critical times to be able to cater for the growing needs of Ghanaians.
Economist Professor Charles Ackah has warned that the new three key tax measures will end up pushing the economy into recession rather than aiding recovery. This follows government’s claims that these new taxes are needed to turn the economy around. But Professor Ackah stated that, there are clear examples showing that the economy is heading […]