Ghana Stabilisation Levy Scrap stabilisation levies- Financial Journalists to Terkper

This is to decrease the tax burden of   businesses operating in country, according to the group.

  • Published:
Finance Minister, Seth Terkper play

Finance Minister, Seth Terkper

24/7 Live - Subscribe to the Pulse Newsletter!

The group, Journalists for Business Advocacy is asking the Minister of Finance, Seth Terkper to cancel the National Fiscal Stabilisation levy, as a matter of urgency.

This is to decrease the tax burden of   businesses operating in country, according to the group.

In a statement signed by Toma Imirhe, the group’s lead person on Economics and Finance, the group is concerned about government’s intentions to further extend the application of the National Fiscal Stabilisation Levy  to the end of 2017.

READ MORE: Finance Ministry fails to pay stabilisation and heritage funds for 2015

“This planned extension of the levy will further increase the financial difficulties of all the companies on which it is being levied,” the statement said.

They added that it will be unwise for government to implement both the new Income Tax Act 2015, (Act 896), which has introduced sweeping reforms and adjustments which are already biting businesses and individuals hard, and as well extend the National Financial Stabilisation Fund to 2017.  

“We wish to remind the government that when the NFSL was reintroduced, effective mid-July 2013, the legislation backing its establishment set its duration at 18 months. Therefore, the levy should have been withdrawn at the end of 2014, but this did not happen. Rather, the government now intends to apply it until the end of 2017,” the statement added.

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email:

Recommended Articles

Recommended Videos

Top Articles

1 Software Scandal EOCO indicts SSNIT managers over $72m software scandalbullet
2 Salaries In 2018 Here are the dates public workers will be paid in 2018bullet
3 David Ampofo Writes Is Ghana's cashew another cocoa?bullet
4 In Accra Susu collectors give gov’t 1 week ultimatum to stop NPP...bullet
5 Collapsed Banks Assets of UT Bank and Capital Bank for salebullet
6 Excise Tax Stamp Act Gov’t threatens to sanction businesses...bullet
7 NPP Government Nana Addo nominates Dr Agnes Adu as MD of GTFCbullet
8 Taxes In Ghana 3% VAT flat rate takes off in July 1bullet
9 In Singapore Government to pay bonus to all citizens...bullet
10 Retirement How to calculate your SSNIT pensionbullet

Top Videos

1 New Discovery Ghana discovers new mineral, lithium in commercial quantitiesbullet
2 Money Alert Meet Africa's richest womanbullet
3 Forbes 2018 Africa's billionaires rich listbullet
4 Support Finance minister buys Kantanka carbullet
5 Plane Crash Starbow suspends operations following plane crashbullet
6 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
7 Bozoma Saint John 10 quotes from Uber top official, Bozoma,...bullet
8 Vodafone adbullet
9 Entrepreneurship How to be resourceful as an entrepreneurbullet