23.06.2017 Views

Daily Heritage June 23:17

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

Quake Edition FEB 98.qxp_Layout 1 6/22/<strong>17</strong> 8:46 PM Page 7<br />

22ND<br />

JUNE 20<strong>17</strong><br />

THURSDAY<br />

CURRENCY PARIS CODE BUYING SELLING<br />

US Dollar USDGHS 4.3510 4.3554<br />

RATES Pound Sterling GBPGHS<br />

5.5092<br />

5.5161<br />

Euro<br />

GBPGHS<br />

4.8544<br />

4.8587<br />

10<br />

DAILY HERITAGE FRIDAY, JUNE <strong>23</strong>, 20<strong>17</strong> WWW.DAILYHERITAGE.COM.GH<br />

Kenya trade expo in Ghana<br />

to boost intra-African trade<br />

KENYAN BUSI-<br />

NESSMEN will<br />

have opportunity<br />

to explore investment<br />

and trade opportunities<br />

in West<br />

Africa following a trade exposition<br />

to be held in Ghana in November,<br />

this year.<br />

The trade exposition targeting<br />

established and emerging businessmen<br />

is aimed at enhancing<br />

trade relations between Kenya and<br />

Ghana following seven key trade<br />

agreements signed by the two<br />

countries in December 2014.<br />

The bilateral agreements were<br />

established to position Ghana as<br />

the gateway for trade to West<br />

Africa while Kenya will help in accessing<br />

the East African region.<br />

Briefing the media, Mr Nuku<br />

Kamsa-Quarshie, Ghana’s Acting<br />

High Commissioner to Kenya,<br />

said the expo will boost intra-<br />

African trade by enabling businessmen<br />

to explore trade<br />

opportunities in the two countries.<br />

•Mr Nuku Kamsa-Quarshie, Ghana’s Acting High Commissioner to Kenya(1st L),<br />

with some of the co-founders of the trade expo<br />

Kamsa-Quarshie said<br />

Kenyan’s manufacturers have<br />

prime opportunity to explore<br />

business in Ghana following<br />

initiatives like free zones and<br />

building of one factory in<br />

every district, which is meant<br />

to enable manufacturers from<br />

outside to set-up profitable<br />

ventures.<br />

“Ghana is now embracing<br />

private-sector-driven tertiary<br />

education with a surge of private<br />

universities having come<br />

up in the last four or five years.<br />

However, there is no tertiary<br />

institute for the hospitality industry<br />

which causes a great gap<br />

when it comes to tourism development,<br />

he said.<br />

He added that Ghana is ideally<br />

placed to become a hub for<br />

hospitality training in West<br />

Africa just as Kenya is for East<br />

Africa.<br />

GRA seals off offices of Agams Group, two others<br />

• Over tax indebtedness<br />

THE GHANA Revenue Authority<br />

(GRA) has sealed off the offices<br />

of three companies during a<br />

distress action to compel them to<br />

fulfil their tax obligations to the<br />

state.<br />

The companies are ACI Construction,<br />

a subsidiary of the<br />

Agams Group of Companies,<br />

which owes the state over<br />

GH¢14.3 million in taxes; Eagle<br />

Star Enterprise Limited, an engineering<br />

and construction firm,<br />

GH¢604,<strong>17</strong>5.00 and Logistics<br />

Supplies Services Limited,<br />

GH¢460,779.00<br />

A fourth company, the National<br />

Communications Backbone<br />

Company, a firm set up by Vodafone<br />

Ghana Limited to provide<br />

the bandwidth needs of Internet<br />

service providers and offer other<br />

technology services, said to owe<br />

over GH¢30 million in taxes,<br />

made arrangement with the tax<br />

authorities to clear its indebtedness.<br />

Briefing the media in Accra,<br />

Mr Henry Sam, the Coordinator<br />

of the Special Revenue Mobilisation<br />

Task Force, said the exercises<br />

were geared towards ensuring full<br />

compliance with the provisions of<br />

the tax laws and to shore up tax<br />

revenue to meet the 20<strong>17</strong> target of<br />

GH¢34 billion.<br />

He said the Special Revenue<br />

Mobilisation Task Force, in collaboration<br />

with the Tax Office, recovered<br />

tax revenue amounting to<br />

over GH¢66.3 million between<br />

January 20<strong>17</strong> and <strong>June</strong> 20<strong>17</strong>.<br />

He said the task force had earmarked<br />

a list of 14 delinquent taxpayers,<br />

who owed the state over<br />

GH¢63 million for distress action.<br />

He added the affected tax defaulters<br />

are located in Accra and<br />

Kumasi, adding that the action<br />

would be sustained across the<br />

country throughout the year and<br />

beyond.<br />

The taskforce coodinator explained<br />

that the action was the last<br />

tool of mobilisation that the GRA<br />

could use to collect monies owed<br />

to it, adding that the companies<br />

would be given an ultimatum to<br />

pay and if they failed the Authority<br />

would take custody of their assets<br />

and sell them to defray the<br />

taxes owed.<br />

Mr Sam urged taxpayers to<br />

voluntarily comply with the tax<br />

laws by filing all tax returns, issue<br />

VAT invoices for taxable supplies<br />

and effect payment of all relevant<br />

taxes on or before the due date to<br />

avoid embarrassment.<br />

Source: Myjoyonline.com

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!