Ghana�s efforts to boost government revenue by increasing tax compliance will be mapped out in a forthcoming report to be published by the global publishing, research and consultancy firm
Oxford Business Group (OBG).
The Report: Ghana 2014 will chart the country�s impressive growth story, which is now benefiting from an expanding internal market. It will also highlight the financial incentives and initiatives which are being introduced as part of a broader bid to encourage lending to small businesses.
OBG has signed a Memorandum of Understanding (MOU) on research facilities for a fourth consecutive year with Deloitte Ghana. Under the MOU, OBG will have access to the firm�s expertise and research resources, which will be used to compile the Tax Chapter of The Report: Ghana 2014.
OBG�s Country Director, Aicha Bachir, said she was delighted that the Group would once again benefit from Deloitte�s in-depth knowledge of Ghana�s changing tax environment.
�Deloitte has made a valuable contribution to the Group�s research on Ghana�s economy during our time here and is a major participant in the government�s drive to improve tax compliance,� she said. �I look forward to teaming up with its experts for our new project and exploring what the country�s new regulatory regime
means for investors.�
Felix Nana Sackey, Senior Partner at Deloitte, said the firm�s research would look in detail at the implications for businesses of Ghana�s move to boost tax revenues, alongside topical issues, such as transfer pricing regulations (TPRs) and the recent changes to value-added tax (VAT).
�We will also consider the impact that overall macroeconomic performance can have on tax revenue collection since, when companies are struggling with key indicators, be it a depreciating currency or high electricity tariffs due to insufficient gas supply, it becomes very difficult for them to comply with the tax burden,� he said.
�With so much change in the pipeline, both regulatory and cultural, I�m confident that Oxford Business Group�s forthcoming report will prove a valuable tool to businesses and I look forward to once again playing a part in its compilation.�
The Report: Ghana 2014 will be a vital guide to the many facets of the country, including its macroeconomics, infrastructure, banking and other sectoral developments. The publication will be available in print or online.
Source: Peacefmonline.com
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