Audio By Carbonatix
The Ghana Revenue Authority bill has been passed into law but its implementation will not be immediate.
Deputy Finance Minister Seth Terkper explains it will take a number of processes before the eventual integration of the three revenue agencies.
In an interview with Joy Business, Mr Terkpeh said besides the physical integration of processes, there will be consultations with stakeholders including the tax officers and tax payers and enough education before the IRS, VAT and CEPS will be merged under one umbrella known as the Ghana Revenue Authority.
Mr Terkpeh said as part of programmes to implement the bill, all revenue institutions will be moved onto an electronic platform.
Meanwhile, central bank governor Kwesi Amissah-Arthur has promised to work on resolving the bank’s lack of a board.
The bank has been without one for the past ten months after a former member Sam Okudzeto went to court over the dissolution of the last board to which he belonged by the new administration.
The case is still in court but the governor says it is hampering the work of the bank.
Source: Joy Business/Myjoyonline.com/Ghana
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Bail application filed for detained MP Ohene Kwame Frimpong — Dafeamekpor
9 minutes -
Only Parliament can impose taxes and levies — Dafeamekpor
18 minutes -
Mystic Twins Foundation continues to bring hope to marginalized communities
36 minutes -
Dafeamekpor confirms NDC still pursuing election petition involving wife’s constituency
41 minutes -
Dafeamekpor explains why he keeps family life private despite wife’s political career
45 minutes -
Kwame Dadzie: Don’t spend government’s GH¢5 million to film sectorÂ
2 hours -
Former Accra Mayor Blankson endorses Wontumi for NPP national chairmanship
3 hours -
Eid festivals explained on Behind The Lens with Queen Liz
3 hours -
Meet Emelia Naa Ayeley Aryee, the Ghanaian Gender Advocate helping couples overcome infertility stigma
3 hours -
Oil pulls back as traders look for progress on US-Iran talks
4 hours -
The proposed imposition of a 0.75% fee on Mobile Money-To-Bank transfers raises serious concerns regarding fairness, financial inclusion, and the underlying principle of interoperability within the digital financial ecosystem
4 hours -
Trump raises refugee ceiling by 10,000 to bring in more white South Africans
4 hours -
One killed and others missing after chemical explosion at US paper mill
5 hours -
First Ghanaians set to be repatriated from South Africa over anti-immigrant protests
5 hours -
Deliver or be questioned – Majority Chief Whip warns OSP
5 hours