ADVERTISEMENT
Get Started
  • About Homebase Tv | Hbtvghana.com
  • Advertise
  • Broadcast Live
  • Disclaimer
  • Privacy & Policy
  • Terms and Conditions
  • Vacancies
  • Contact Us – Connect With Us
Homebase Tv - Hbtvghana.com
  • Home
  • General News
  • Business News
  • Health
  • Life & Style
  • Politics
    • Press Release
    • Parliament
  • Sports
No Result
View All Result
  • Home
  • General News
  • Business News
  • Health
  • Life & Style
  • Politics
    • Press Release
    • Parliament
  • Sports
No Result
View All Result
Homebase Tv - Hbtvghana.com
No Result
View All Result
ADVERTISEMENT
ADVERTISEMENT

Review unfriendly taxes suffocating private sector growth – Ghana CEO Network to government

Tue, May 23 2023 7:20 AM
in Business, Ghana General News
review unfriendly taxes suffocating private sector growth ghana ceo network to government
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on TelegramShare on Whatsapp
ADVERTISEMENT

ReadAbout

Ghana’s FX dilemma: Importers forced into black market amid currency policy distortions

BoG’s limited issuance of BoG bills reason behind substantial oversubscription of T-bills

Bond market: Activities declined marginally to GH¢2.06bn

WhatsApp Image 2022 05 30 at 4.00.59 AM

Country Managing Partner of Deloitte Ghana, Daniel .K. Owusu

Some Chief Executive Officers of businesses in the country are calling on the government to use the mid-year budget to review some of the tax revenue measures introduced in the 2023 budget.

They argued that most of the new taxes introduced in the budget are inimical to private sector growth.

Speaking at the 7th Ghana CEO Summit and Exhibition, Country Managing Partner of Deloitte Ghana, Daniel Owusu, said, reviewing recurrent expenditure and re-allocating resources to industry and agriculture sectors are key to driving growth and job creation.

“With the International Monetary Fund (IMF) programme now on board, government should use the mid-year budget to review some of the revenue measures introduced in the 2023 budget including some of the new taxes that have the potential to adversely affect the productive sectors of the economy”.

Businesses overburdened with taxes – Mahama

Delivering the keynote address, former President John Mahama, said despite Ghana securing a deal from the IMF, business players are already burdened with exorbitant taxes, which he says is affecting their operations.

According to him, his outfit will work closely with the private sector towards economic recovery when he becomes the next President in December 2024.

“By working together, we can leverage our collective knowledge, resources and experiences to implement comprehensive policies and initiatives that drive sustainable development growth, create jobs and improve the standard of living for all Ghanaians. We can foster innovation and create an economy that is resilient inclusive and globally competitive”. 

He promised to rollout a 5G revolution and Artificial Intelligence to fully unlock the potential of digitalisation.

According to him, his government will invest and leverage on digital infrastructure to expand and enhance productivity in the various sectors of the economy.

Meanwhile, Senior Country Manager for Benin, Ghana, Liberia, Sierra Leone, and Togo, at the International Finance Corporation, Kyle Kelhofer, says the $3 billion IMF loan would help strengthen Ghana’s economic recovery.

“Post-IMF, there are increased opportunities for Ghana and Ghanaian businesses with this increased stability, resilience, competitiveness and economic independence”.

Value proposition

The summit adopted a dynamic approach to deliver value to its stakeholders. There was CEO panel discussions, plenaries, business cases, masterclasses and experts insights with Cohort of Speakers Panelists and Experts.

The dialogue with the Special Guest of Honour, former President John Mahama, looked into important policy issues ranging from resetting of the economic development agenda, public sector leadership, Business Regulatory Reforms, Social inclusion to digital economy agenda of government.

The 7th Ghana CEO Summit and Expo was on the theme “Sovereignty, Sustainable Corporate Governance and Digital Industrial Transformation: New Paths for Growth and Prosperity. A Private-Public Sector CEO Dialogue & Learning”.

It brought together stakeholders including the CEO Network of Ghana, to restore Ghana’s economy and strive to achieve sustainable economic sovereignty.

The summit offered concrete, innovative and actionable solutions, championed private sector growth, led discussions around game-changing public policies, and advocated for best growth-oriented practices to help the country move forward, build resilient companies and develop outstanding CEOs.

DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policies of Homebase Television Ltd.

  • President Commissions 36.5 Million Dollars Hospital In The Tain District
  • You Will Not Go Free For Killing An Hard Working MP – Akufo-Addo To MP’s Killer
  • I Will Lead You To Victory – Ato Forson Assures NDC Supporters

Visit Our Social Media for More

About Author

c16271dd987343c7ec4ccd40968758b74d64e6d6c084807e9eb8de11a77c1a1d?s=150&d=mm&r=g

hbtvghana

See author's posts

Discover interesting ones too

Your Story, Your Brand: How AI can help you stand out online

Your Story, Your Brand: How AI can help you stand out online

0
Crypto at the crossroads: Ghana’s ticking time bomb or transformational moment?

Crypto at the crossroads: Ghana’s ticking time bomb or transformational moment?

0

Afenyo-Markin removed from delegation to ECOWAS Parliament

Telecel Ghana CEO conferred with honorary doctorate in science for trailblasing impact

Yomi Yoghurt targets glory at JoySports Invitational Tournament 2025

Minority to petition Mahama on July 25 on ‘issues of great public concern’

Microsoft knew of SharePoint server exploit but failed to effectively patch it

New Trump human resources czar distances himself from Elon Musk

Reality Zone with Vicky Wireko: Cry a beloved National Cathedral

Paul Adom-Otchere calls out Mahama for ‘avoiding press accountability’

  • Dr. Musah Abdulai: If the Chief Justice returns: Will it lead to reset, redemption, or rupture?

    Dr. Musah Abdulai: If the Chief Justice returns: Will it lead to reset, redemption, or rupture?

    0 shares
    Share 0 Tweet 0
  • OSP declares former Finance Ministry Advisor wanted over SML corruption probe

    0 shares
    Share 0 Tweet 0
  • Ghana and Japan agree to pursue UN Security Council reforms

    0 shares
    Share 0 Tweet 0
  • Ken Ofori-Atta’s extradition: FBI clears first major hurdle – No witch-hunt

    0 shares
    Share 0 Tweet 0
  • I resigned because of Prez. Mahama, NDC – former GBA President

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
ADVERTISEMENT

Follow Homebase Tv

  • About Homebase Tv | Hbtvghana.com
  • Advertise
  • Broadcast Live
  • Disclaimer
  • Privacy & Policy
  • Terms and Conditions
  • Vacancies
  • Contact Us – Connect With Us

© 2014 Total Enjoyment & Proper News

No Result
View All Result

© 2014 Total Enjoyment & Proper News

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT

Add New Playlist

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.