The Chief Executive Officer of PEF, Nana Osei Bonsu delivers keynote address at USAID Miline Survey Dissertation Conference. Below is the full address:
Advocacy, Business Development and Market Access
The Chief Executive Officer of PEF, Nana Osei Bonsu delivers keynote address at USAID Miline Survey Dissertation Conference. Below is the full address:
The newly elected president of the the Ghana National Chamber of Commerce (GNCC) , Nana Dr. Appiagyei Dankawoso I paid a courtesy call on the management of the Federation at its secretariat on Friday 4th March, 2016. The new president was accompanied by the Chief Executive Officer of the Chamber, Mr. Mark Badu Aboagye. Present to receive him was the president of the Federation,
CONSOLIDATED PRIVATE SECTOR INPUTS INTO MINISTRY OF FINANCE’S PRE-BUDGET TAX CONSULTATIVE MEETING
Ø Review of Capital Gains tax
The government is requested to review the capital gains tax as the current regime is not suitable for acquisitions, consolidations and mergers to strengthen our local businesses. Currently, the residual or redundant assets that are created as a result of consolidation to reduce costs and create efficiency in a business merger etc are taxed as capital gains which carry a higher tax rate. To create home grown pillars in the economy and empower them to adequately compete at least within the local market to reduce the current incidence of virtual dependency on foreign imports and domination, the capital gains tax on mergers, acquisitions and consolidations should be thoroughly reviewed for better treatment for local businesses to become competitive. Furthermore, the incoming FDIs are also assigned VAT waivers on their imports which should also be made available to the domestic private sector.
After the Companies Bill, 2013 was laid in Parliament in 2015, the Private Enterprise Federation (PEF) sought the indulgence of His Lordship the Speaker to respectfully withhold discussions and consideration of the Bill to allow for substantive consultations and discussions by the private sector. Subsequent to His Lordship’s approval, the Federation undertook a nationwide engagement for deepened discussions by private sector and other interested constituents who would be affected by the Bill to review the tenets of it and how to address the constraints and gaps they see in the Bill.