Govt assures investors of stable tax environment to boost growth

The government has affirmed its commitment to ensuring that tax policies do not impede the investment environment. Deputy Finance Minister in charge of Revenue, Dr. Alex Ampaabeng, emphasised that this effort is in line with the government’s growth agenda.

Dr. Ampaabeng added that Ghana continues to be the premier investment destination in the sub-region for offshore investors.

Speaking at the Ghana Investment GC100 CEO’s Breakfast Meeting and Launch of the 21st Ghana Club 100 Awards, which was on the theme: “Partnering for Prosperity, Building a Thriving Ghanaian Economy,” Dr Ampaabeng called for strategic collaborations among sector players to maintain and drive economic growth.

“The Ministry of Finance is actively working to create an enabling environment for businesses. A recent engagement with stakeholders in May 2024 to discuss how we can improve Ghana’s business climate and improve the ease of doing business acknowledges investors’ concerns about Ghana’s complex tax system.”

“We are collaborating with the GRA to streamline and revise administrative process associated with tax administration,” he stated.

The Chief Executive Officer (CEO) of the Ghana Investment Promotion Centre (GIPC), Yofi Grant stressed that Ghana had demonstrated resilience despite economic hardships.

He therefore underscored the essence of partnerships to restore growth.

“At the GIPC we believe that sustainable economic growth can be fast-tracked through stronger and meaningful partnerships, and we are committed to this goal,” he said.

Commenting on the prestigious Ghana Club 100 awards scheduled for October 2024, Mr Grant said that the event will recognise and celebrate the achievements of the top 100 companies in Ghana’s business landscape, acknowledging their significant contributions to the country’s economy across various sectors.

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