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Most businesses are on the verge of collapsing due to government over-taxation

Most businesses are on the verge of collapsing due to government over-taxation
modernghana.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from modernghana.com Daily Mail and Mail on Sunday newspapers.

Abraham koomsonGhana federation of labourGhana news agency industrial hubSecretary generalGhana federationGhana news agencyIndustrial news hubExcise duty amendment billSustainability levy billIncome tax amendment billSustainability levyIncome tax actExcise duty actEconomic communityWest african states

What the new taxes mean for businesses and consumers: Don t panic, take these strategic actions

However, these new taxes come at a time when the Ghanaian economy is already heavily burdened. The COVID-19 pandemic as we are made to believe by government has had a significant impact on the economy, leading to job losses, reduced economic activity, and increased debt levels. Additionally, the country has been facing challenges such as high inflation, recent power cuts, and a depreciating currency, among others.

Seyram attiseInternational monetary fundMultimedia groupExcise duty amendmentSustainability levyIncome tax amendmentDuty amendment billSustainability levy billIncome tax amendment billHarmony seyramExcise duty amendment billHarmony seyram attiseDuty amendmentTax amendment

Michael Sumaila Nlasia: The new taxes will collapse banks and businesses

In 2018, the Ministry of Finance, in collaboration with financial sector regulators and other key stakeholders, developed a National Financial Inclusion and Development Strategy (NFIDS) to address the fundamental barriers preventing the underserved population from accessing financial products and services that would enable them to generate income, build assets, manage financial risks, and become economically empowered.

Michael sumaila nlasiaInsurance companiesBank financial institutionsNational financial inclusionNational fiscal stabilization levyMultimedia groupBulk oil distributorsWorld bankCommunications service taxMining companiesOil marketing companiesNetwork operators mnos doEvaluation companiesExchange commissionGas companiesGhana revenue authority

What the new taxes mean businesses and consumers: Don t panic, take these strategic actions

However, these new taxes come at a time when the Ghanaian economy is already heavily burdened. The COVID-19 pandemic as we are made to believe by government has had a significant impact on the economy, leading to job losses, reduced economic activity, and increased debt levels. Additionally, the country has been facing challenges such as high inflation, recent power cuts, and a depreciating currency, among others.

Seyram attiseInternational monetary fundMultimedia groupExcise duty amendmentSustainability levyIncome tax amendmentDuty amendment billSustainability levy billIncome tax amendment billHarmony seyramExcise duty amendment billHarmony seyram attiseDuty amendmentTax amendment

Akufo Addo is reckless, he will soon tax Ghanaians for being in a relationship- Mahama

Akufo Addo is reckless, he will soon tax Ghanaians for being in a relationship- Mahama
ghanavibes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ghanavibes.com Daily Mail and Mail on Sunday newspapers.

Nana akufo addoJohn dramani mahamaGhana revenue authoritySustainability levy billExcise duty amendment billIncome tax amendment billGhana revenue authority billAkufo addo