Inflation
August 2017
12.30%
Review: Administrative Policy on Tax Exemptions

In the 2017 Budget Statement and Economic Policy, government committed to a comprehensive review and reform of the import duty exemptions regime and tax reliefs, with a view of eliminating abuses and improving efficiency in the application of these incentives.
 
As an interim arrangement, and to facilitate the reform, we instituted an administrative measure that required exemption holders to pay in advance, all applicable import duties and taxes, and apply for refunds with supporting evidence. The administrative measure began on the 1st of April 2017 after Parliament had approved it in the 2017 Budget.

We are on Course – Ken Ofori-Atta

Accra, September 7, 2017 – Mr. Ken Ofori-Atta, Minister for Finance today noted that economic policies being implemented were achieving positive results and called on the CEOs of financial institutions to reciprocate government efforts by improving credit to the private sector to support government stimulus programme to revitalize the sector.

He said they could also support the government by also providing feedback on the performance of the measures introduced to stabilize the economy saying “we believe in partnerships and collective responsibility. We want to receive feedback from you on the measures that we have implemented this year and your expectations for next year in particular”.

Pages

All rights reserved | Copyright © 2005 - 2017 Ministry of Finance - Ghana
28th February Road, P. O. Box M40, Accra - Ghana. Tel: +233 302 665 132