VAT

By Adnan Adams Mohammed   Every morning at Makola Market, trader Akosua Mensah opens her fabric stall surrounded by the vibrant buzz of Accra’s commercial heart. She takes pride in …

Accounting firms, KPMG and PwC believe the imposition of an additional 2.5% VAT on standard-rated supplies would impact cost of doing business in the country.

This will be a big blow to Retailers and Wholesalers whose annual sales (turnover) exceeds GHC500,000. As Retailers and Wholesalers within this threshold are mandated to add an effective rate …

This 2.5 percent increase in VAT would kill businesses and if it happens so, the government would not rake in the expected revenue, as it happened during the introduction of …