Tax & Government Waste

Decoding Digital Quadruple Taxation: Insights from Ghana’s E-Levy in the Digital Economy

Double taxation, a scenario where a taxpayer is taxed twice on the same source of income, either by the same jurisdiction or different jurisdictions, is a complex issue that poses significant challenges for businesses and individuals operating in Ghana. With its implications on investment, trade, and economic growth, understanding and addressing double taxation is crucial …

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Ghana’s 2024 Budget Review: Tax Components, Revenue and Expenditure

The Minister for Finance presented the Budget Statement and Economic Policy of the Government of Ghana for the 2024 financial year (“Budget Statement”) to Parliament on 15 November 2023. The Budget Statement was under the theme “pursuing growth & development within a stable macroeconomic environment”, which is locally referred to as the “NKUNIM Budget”. It …

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Taxation yafo

From Abolishment to Introduction: The Manoeuvring Taxation Art of the NPP Government Under Scrutiny

According to Investopedia, taxes are mandatory contributions levied on individuals or corporations by a government entity. These taxes serve as revenue to the economy in order to assist in economic growth and development. In addition, the International Centre for Tax and Development reveals that total tax revenues account for more than 80% of total government revenue …

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Breaking Down Ghana’s Three New Tax Laws: Implications for the Economy

In the country’s bid to be in good standing for an Extended Credit Facility (ECF) from the IMF, the parliament of Ghana on 31st March 2023 passed three additional revenue mobilization strategies. These were The Excise Duty Amendment Bill 2022, The Growth and Sustainability Levy Bill 2022, The Ghana Revenue Authority Bill 2022, and The Income Tax …

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E-Levy and the Myth of State Sponsored Job Creation Programs

The Minister of Finance of Ghana, Ken Ofori-Atta, has stated that E-Levy, as proposed in Ghana’s 2022 budget, would ensure the employment of over 11 million people. He made this revelation at the Springboard Youth Dialogue held at the University of Cape Coast. The E-levy on page 74 of the 2022 budget statement specifically outlines the introduction …

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Taxation and Liberty: Government Policy That Limits the Realization of Liberty

Taxation is a process by which government through a taxing authority imposes a tax. Taxation applies to all types of involuntary levies ranging from income to capital gains. “A tax is a mandatory financial charge imposed upon a taxpayer by a government organisation in order to fund various public expenditures. A failure to pay, along …

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