
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
-
GoldBod cracks down on delayed gold purchase bookings
5 minutes -
Coconut Farmers Association urges government to establish coconut seedling banks in the Volta Region
9 minutes -
I have been single for some time now – Akosua Agyapong
13 minutes -
24,000 medical equipment worth GH¢500 million for primary healthcare – Health Minister
14 minutes -
Amankwa-Manu backs new firearm licensing reforms but questions license withdrawal
21 minutes -
Dredging of Atonsu, Sisa Rivers in Kumasi underway amid flooding concerns
24 minutes -
Zambia ex-president’s family wins latest legal battle over what should happen to his body
24 minutes -
Zoomlion begins nationwide fumigation in Accra
28 minutes -
Sekondi-Takoradi Assembly fines man GH¢1,200 for dumping plastic waste into drain
32 minutes -
Interior Ministry to partner private sector to establish shooting ranges nationwide
36 minutes -
Family of the late diplomat Victor Gbeho officially informs President Mahama of his passing
44 minutes -
CHAG facilities urged to put patients before hierarchy in healthcare delivery
47 minutes -
Fire damages three rooms in Sokabisi compound house; seven others saved
58 minutes -
Drowning deaths soar in France as Europe buckles in peak of heatwave
1 hour -
Galamsey is no longer hidden: Where is the enforcement?
1 hour