Audio By Carbonatix
Conference of Heads of Private Universities in Ghana (CHPUG) says government's decision to tax private universities will crush the institutions' expansion programmes.
According to Prof. Kwesi Yankah, Chairman for CHPUG, the private tertiary education "is an infant unit" which needs to be supported to grow and close the gap that has been left as a result of the few public tertiary institutions.
Until recently, private universities in Ghana were exempted from the payment of corporate tax in accordance with Section 10 (1d) of the Internal Revenue Act.
Government in May this year amended the Internal Revenue Act (Act 592) by Act 859, with the aim of bringing private universities into the tax net.
But speaking on Joy FM's Super Morning Show Monday, Prof. Yankah stated, a chunk of their profit goes into expansion projects therefore, asking them to pay tax at this crucial time, could be a disincentive.
About 50,000 students are currently studying with private tertiary institutions, representing close to 30% of general tertiary students' population in the country.
Prof. Yankah described as bad timing, the decision to withdraw their tax exempt status since the private institutions will be crucially needed to mop up student overflows from two streams of senior high school applicants this year.
He noted that despite being in existence for over 20 years, members of CHPUG do not have access to the GETFund, state scholarships, bursaries for staff capacity building, and state funding for research in programmes considered key in the nation’s scheme of priorities.
He was optimistic however, that their plea for government to take a second look at the decision would yield some positive results.
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
-
Ghana contacted me over Black Stars job – Pitso Mosimane
23 minutes -
Kotoko defender Lord Amoah undergoes ‘successful’ surgery after ACL injury
32 minutes -
Photos: President Mahama inspects Kasoa–Winneba road as sections near opening
33 minutes -
Nato says ‘no provision’ to expel members after report US could seek to suspend Spain
34 minutes -
No casualties recorded in GRIDCo Akosombo substation fire — GNFS
36 minutes -
Lack of political will fuels illegal mining crisis – Awula Serwah
49 minutes -
Firefighters save 18 rooms in swift response to Dansoman blaze
53 minutes -
Illegal mining fight not aggressive enough – Prof Boadi
1 hour -
Kenyan leader sparks uproar after mocking Nigerians’ spoken English
1 hour -
Conviction of party officials in galamsey cases will deter illegal mining – Appiah-Danquah
1 hour -
Ghana Swimming boosted as coach Amponsah gains global expertise in Switzerland
2 hours -
Direct Warning: When the foreigners are gone, who’s next? South Africa’s Xenophobia is a gun pointed inward
2 hours -
Betrayal of brotherhood: How xenophobia in South Africa is burning the bridges of African solidarity
2 hours -
Akosombo Substation fire under control, technical assessment ongoing – Energy Ministry
2 hours -
Two dead, one in critical condition after galamsey pit collapse at Assin North
2 hours