deloitte ghana

A survey report by Deloitte Ghana has revealed that high inflation and currency fluctuations are the major concerns for domestic producers. In response to what players foresee as being impediments to the growth of industry, 68 percent of manufacturers identified inflation and currency fluctuation as the primary barriers to growth, Deloitte said. The audit, tax and advisory services firm’s study further established that cost of capital and lack of infrastructure are stifling growth of producers. Similarly, government’s aggressive domestic revenue mobilisation drive is seen as causing more damage to the local business space. Meanwhile, the ‘global economic downturn’, which government…

Accounting and advisory firm, Deloitte Ghana, has observed that plans to convert the National Fiscal Stabilisation Levy (NFSL) into a growth and sustainability levy (GSL) and extend it to the extractive sector could conflict with the fiscal regime governing the operations of companies there. Investment agreements between extractive companies and the country are largely governed by fiscal stability clauses and the auditing firm fear that any attempt to impose the one per cent levy on their total production could be at variance with those clauses. It also warned that the increased tax burden might affect further investments needed for business…