The government of Ghana has lifted import duties of smartphones in a bid to reduce the digital divide in the country and increase data consumption.
The announcement was made yesterday by the Minister of Finance, Mr Seth Terkper, in his presentation of the 2015 budget statement to parliament.
The minister said that while mobile phone penetration in the country was high, smartphones accounted for only 15% of the penetration. Projections for data usage indicate that it will grow 6.3 times between 2013 and 2018.
The move is also expected to raise revenue through VAT and corporate tax through increased trading and also through the Communication Service Tax.
by Jerome Kuseh Finance Minister, Seth Terkper is optimistic, but he has reason to worry. Ghana’s struggle to regain investor confidence continues as the government is set to miss the fiscal targets set during the mid-year budget review prior to the call for assistance from the IMF. Good morning,…
The finance minister, Ken Ofori-Atta, yesterday presented the budget statement to parliament. Here are a few thoughts. 1. The fiscal deficit of 10.3% on a commitment basis and 8.7% on cash basis is much more than I expected although I had been certain that the 5% was unrealistic in an…
Back in January 2021 I wrote, "Government may be forced to rely heavily on central bank financing or seek relief from the IMF as debt sustainability becomes a bigger issue for lenders." Now obviously this did not happen in 2021 because the government raised an impressive $3 billion in eurobonds…
In "Accounting"
2 comments
It is an appreciative step by Ghana government as it will not beneficial only for the short term but it will also impact the future growth in Ghana. Smartphones are now an integral part of humans’ lives, every business depends upon it to the extent that no one can perform an efficient task without it even for a single day. That’s a great decision which will help in country’s growth immensely.
It is an appreciative step by Ghana government as it will not beneficial only for the short term but it will also impact the future growth in Ghana. Smartphones are now an integral part of humans’ lives, every business depends upon it to the extent that no one can perform an efficient task without it even for a single day. That’s a great decision which will help in country’s growth immensely.
You’re right