Ghana loses $2.27b annually through tax incentives

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Harry 10 years ago

Finance Minister Seth Terkper the tax man.

Finance Minister Seth Terkper the tax man.
edi 10 years ago

this is the man that raise our taxes and vats rates and this is the man that sold Ghana together with mahama to the IMF for small change
SHAME ON THIS LOSER HE NEED TO GO HOME FAST

this is the man that raise our taxes and vats rates and this is the man that sold Ghana together with mahama to the IMF for small change
SHAME ON THIS LOSER HE NEED TO GO HOME FAST
Tracy##################### 10 years ago

Be careful of Ghana post office at circle They are made up of thieves. CAGE 4 And the post masters are the chief thieves..THEY STEALS PEOPLE'S ITEM'S ..JUST YESTERDAY THEY STOLE MY iPhones 6 plus 2. and told me someone else h ...
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Be careful of Ghana post office at circle They are made up of thieves. CAGE 4 And the post masters are the chief thieves..THEY STEALS PEOPLE'S ITEM'S ..JUST YESTERDAY THEY STOLE MY iPhones 6 plus 2. and told me someone else has come for it whiles the phones are with them in their system. GHANA IS A DEAD COUNTRY WITH THESE OLD WOMEN STEALING AND FORGING FAKE DOCUMENTS....songsbella@yahoo.com
Farmer 10 years ago

Regarding Ghana those numbers are complete nonsense. The combined annual profits of foreign companies in the country are probably less than that.

Looking back 5 years Ghana has lost practically all foreign investor confid ...
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Regarding Ghana those numbers are complete nonsense. The combined annual profits of foreign companies in the country are probably less than that.

Looking back 5 years Ghana has lost practically all foreign investor confidence already. This government has put unfriendly laws in place like the new GIPC act and new corporation laws requiring local shareholders.

Extractive industries pay royalties, power producers license fees that are prohibitive for many foreigners to invest right now. This is the main reason why there is only talk about solar power instead of action.
EZEKIEL 10 years ago

We give Tax Incentives to ENTICE the companies to OPERATE in Ghana! If you are now CRYING about "losing" such an amount, either the NEGOTIATORS ON BEHALF of Ghana are NOT CLEVER ENOUGH to negotiate PROPERLY OR we don't have t ...
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We give Tax Incentives to ENTICE the companies to OPERATE in Ghana! If you are now CRYING about "losing" such an amount, either the NEGOTIATORS ON BEHALF of Ghana are NOT CLEVER ENOUGH to negotiate PROPERLY OR we don't have the CLEVER PEOPLE who UNDERSTAND the "small prints" in the negotiations!!
WAKE UP Ghana....we are ALWAYS BOASTING of Phds/ MBAs and what not.
CAN'T they negotiate PROPERLY for Ghana ???
Brofo 10 years ago

Can you estimate how much Ghana looses each year by NDC misconduct?

Can you estimate how much Ghana looses each year by NDC misconduct?
Oh Ghana 10 years ago

Masa arrest the cedi or Resign immediately and stop this cheap ministering. You and the BoG boss MUST STOP THE continuous depreciation of the cedi or Resign immediately. .... What do you people think you are been paid for idi ...
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Masa arrest the cedi or Resign immediately and stop this cheap ministering. You and the BoG boss MUST STOP THE continuous depreciation of the cedi or Resign immediately. .... What do you people think you are been paid for idiots.
RT 10 years ago

Are we doing cost / benefit analysis? Are we only interested in bringing the companies with no plans for them to stay? What is your next neighbor doing? Do we review the process to close loopholes? These are the questions we ...
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Are we doing cost / benefit analysis? Are we only interested in bringing the companies with no plans for them to stay? What is your next neighbor doing? Do we review the process to close loopholes? These are the questions we need to answer. We should not think that business people will not try legally or illegally to outwit the system. Tax incentives are necessary for economic growth but they must be effectively planned, executed and reviewed periodically for corrective action
The Rogue Liar 10 years ago

If we are doing this because we need money, we may regret the backlash

If we are doing this because we need money, we may regret the backlash
Kofi 10 years ago

Whilst small and local companies are harrassed by the GRA, we keep giving tax incentives to white men companies. For example, Alisa Hotel will borrow at 30%plus interest rate to run his business and expand. The Foreign Hotels ...
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Whilst small and local companies are harrassed by the GRA, we keep giving tax incentives to white men companies. For example, Alisa Hotel will borrow at 30%plus interest rate to run his business and expand. The Foreign Hotels will borrow at about 2.5% per annum in their countries and when they come, they will be given tax waivers through GIPC and make a wish list wich will be processed and approved. How more silly can we be as a country? When these foreigners make profit, they send it back home putting pressure on the cedi. For example, apart from the Ridge Hospital being so expensive, the first phase alone is abour $360m with a second phae of $400m plus already signed off by Alban. Meawhile other more sophisticated hospitals all over the world do not cost so much. They are using their tax exemptions to bring all sorts of trucks and equipments for this and other projects. How can local construction firms compete? they have brought so many white boys to do jobs locals could do and are spending a fortune on their salaries and allowances tax free life making the Foreign Comapnies enjoy amd loical companies crushing. Alot of the monies these comaonies charge go into their white guys expenses and allowances and first class ticket. We will be paying back in dollars and pounds and Euros why will the cedi not crush? Why will the GRA not suffer? stop chasing the small local businesses and block these manholes.

jihad 10 years ago

GIVE US THE FIGURES OF MONEY YOU GUYS ARE STEALING FROM GHANA TRUSURY

GIVE US THE FIGURES OF MONEY YOU GUYS ARE STEALING FROM GHANA TRUSURY
Yaw Yeboah 10 years ago

It is mind boggling the amount of money that is lost to the Government. If the amount of tax incentives were collected the Government would have no need to take a IMF Loan & plunge the country into more debt. However, the NDC ...
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It is mind boggling the amount of money that is lost to the Government. If the amount of tax incentives were collected the Government would have no need to take a IMF Loan & plunge the country into more debt. However, the NDC are not solely to blame as the last NPP Government promoted the practice of offering tax incentives to foreign companies. This silly policy should be immediately scrapped. Ghana needs to boost its revenue and not reduce it.
Sankofa 10 years ago

Abolish tax incentives, especially in the oil, mining and other extractive industries.

We are wasting our resources giving tax incentives.

Abolish tax incentives, especially in the oil, mining and other extractive industries.

We are wasting our resources giving tax incentives.

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Ghana loses $2.27b annually through tax incentives

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