Dr John Kumah

BoG Remains Solid; No Introduction Of Recapitalization Levy – John Kumah Replies NDC
09 Aug

BoG Remains Solid; No Introduction Of Recapitalization Levy – John Kumah Replies NDC

wontumionlineBusiness
Deputy Finance Minister, John Kumah, has asserted that claims made by the Minority in Parliament suggesting that the Bank of Ghana is on the brink of collapse are false. According to him, the Central Bank remains solid and solvent despite recording impairment losses as captured in the 2022 audited statement from the Bank. The deputy minister further dismissed claims that government was planning to introduce a recapitalization levy intended for the Central Bank. In a Facebook post sighted by GhanaWeb Business, John Kumah said the main source of income to the Bank stems from government transactions i.e. fees and charges on all government transfers, the bank's…
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E-levy Will Be A Very Influential Tax Handle Going Into The Future – Dr. John Kumah
09 Sep

E-levy Will Be A Very Influential Tax Handle Going Into The Future – Dr. John Kumah

wontumionlineBusiness,
Deputy Finance Minister, Dr. John Kumah, says he is very happy Ghana succeeded in passing the E-levy. According to him, in the not-so-distant future, the e-levy will become a very important tax handle for the country. He said this is due to the rapid digitalization of the economy and the gradual acceptance of the tax handle by Ghanaians going forward. Speaking on JoyNews’ PM Express Business Edition, he expressed optimism that when the e-levy finally becomes viewed as a normal feature of the digital economy, the country will begin to reap the reward. “Well, let me say that I am…
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