Coronavirus: Gov't extends tax filing deadline for businesses
28 March 2020 at 07:59Government has announced the extension of the tax filing date from April to June for businesses, President Nana Akufo-Addo has announced.Small-scale business
The move, the president said in address to the nation Friday night, was part of measures to provide relief to Ghanaian households and businesses.
The president also announced a two percent (2%) reduction of interest rates by banks, effective 1st April, 2020; the granting by the banks of a six (6) month moratorium of principal repayments to entities in the airline and hospitality industries and uber operators.
He also said mobile money users can send up to one hundred cedis (GH¢100) for free, in addition to a one hundred percent (100%) to three hundred percent (300%) increase in the daily transaction limits for mobile money transactions .
Meanwhile, the president has also tasked the Finance Minister to make available GH₵1 billion to households and businesses.
The <a href="https://www.pulse.com.gh/news/politics/asepa-files-criminal-complaint-against-hawa-koomson/lxzgdf2">Alliance for Social Equity and Public Accountability</a> (ASEPA) has described as false claims by the government that more than 96 percent of depositors who had their monies locked-up from the banking sector clean-up been paid in full.
Vice-President Dr. Mahamudu Bawumia has said about 15 million Ghanaians now have bank accounts following the implementation of <a href="https://www.pulse.com.gh/news/local/offertory-and-tithe-to-be-paid-through-mobile-money-as-churches-introduce-e-payments/fdz0mhf">mobile money payment</a> interoperability.
The Editor of the New Crusading Guide, Abdul Malik Kweku Baako has said the collapse of Heritage Bank, GN Bank, and uniBank by the <a href="https://www.pulse.com.gh/news/local/agongo-must-sue-bank-of-ghana-for-collapsing-heritage-bank-prof-gatsi/d93y4pr">Bank of Ghana</a> was painful.
He said it was part of bold measures by his administration to mitigate the impact of Coronavirus on businesses and households and to ensure that jobs losses are minimized.
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