• About
  • Advertise
  • Privacy Policy
  • Contact
Saturday, July 18, 2026
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result
in Economy, Sub Top Stories1

Telecom players call for rebalancing of taxes in the sector

Maynard Championby Maynard Champion
September 17, 2021
Reading Time: 4 mins read
Add as Preferred on Google
Telecom players call for rebalancing of taxes in the sector

Dr. Ing. Kenneth Ashigbey, Chief Executive of the Ghana Chamber of Telecommunications

Players in the telecommunications industry have highlighted the urgent need to rebalance taxes in the sector to promote digital inclusion, economic growth and fiscal stability in the economy.

According to them, the telecom industry is burdened with a lot of taxes that makes it difficult for the players to undertake investments in infrastructure to improve service delivery.

 “…For every ¢100 that is paid to the operators within the industry, they pay back ¢48 in the form of direct and indirect taxes, as well as other remittances to government”.

Dr. Ing. Ashigbey

Dr. Ing. Kenneth Ashigbey, Chief Executive of the Ghana Chamber of Telecommunications explained that the remaining ¢52 goes into investment in people, the business, the supply chain, marketing, and general operations. According to him, this makes it difficult to pay back dividends to shareholders which is the real objective of businesses.

“…The less availability of funds means future investments are likely to suffer and this hurts the quality of the network and service delivery”.

Dr. Ing. Ashigbey

Meanwhile, Dr. Ashigbey averred that the industry thrives on huge annual capital expenditure that enables telecom operators to keep supporting the exponential growth in the network, product and services. He indicated that between 2020 and 2021, the Industry will invest over ¢3 billion in network and IS infrastructure expansion.

ADVERTISEMENT

Despite this investment, Dr. Ashigbey believes a collaboration between operators and the regulator is needed to resolve the data capacity challenge. This, he said, would include some policy and regulatory interventions.  

Need to address permit challenges

Furthermore, Dr. Ashigbey bemoaned the bureaucracy involved in obtaining permits for the installation of towers in the country. He hinted that his outfit will conduct a comparative study on the fees and permits charged the industry in Ghana compared to other African countries. The findings, he said, will aid policy on advancing the digital transformation drive as a country.

“A cursory look at the data show that we are more expensive compared to Uganda, Kenya, Nigeria, Burkina Faso and Niger. While most of them have a maximum 3 regulators and agencies they have to take permits from before the installation of towers, we have 5 agencies we have to deal with, with the very long lead time”.

Dr. Ing. Ashigbey

Nevertheless, he expressed delight on the intentions of the Ministry of Communications and Digitalization to review telecommunication tower installation guidelines. He is hopeful this will pave the way for a one stop shop for permitting and approval for tower installation.

Dr. Ashigbey further emphasized the need for more partnerships between the Chamber and the government to enhance the delivery of services to customers.  He noted that this partnership will help find solutions to the challenges facing the industry.  

ADVERTISEMENT

Improving tax revenue collection

Dr. Ashigbey also detailed that Mobile is the most cost-effective way of extending access to ICT and the internet in Ghana. It also contributes to driving the government’s digitization agenda. Moreover, he stated that it’s fundamental to helping the government position the economy as a smart and digital ready market towards further growth.

While the telecom industry feels its tax burden is outrageous, the President earlier this month revealed that about 60,000 professionals are not complying with tax laws. This results in tax evasion that robs the nation of huge revenues. As such, the Chamber’s call to rebalance taxes in the industry may not be out of place. However, it should be a wake-up for the GRA to find innovative means to improve the collection of personal income taxes whilst easing the burden on companies.

ADVERTISEMENT

Luckily, the Assistant Commissioner of the GRA, Mr Dominic Naab, revealed on September 16, 2021 that some professionals who shirked their tax obligations have reached out to the Authority to perform their civic responsibility. This suggests that the President’s call is beginning to yield results. This further highlights the need for a collective effort to improve the country’s revenues. players players players

READ ALSO: Develop innovative ideas to promote trade- Akwasi Gyan

ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

Tags: Dr. Ing. Kenneth AshigbeyeconomyghanaGhana Chamber of TelecommunicationsPresident Akufo-AddoTaxes
ShareTweetShareSendSend
Please login to join discussion
Previous Post

Mercury-free mining machine to reduce illegal mining practices- Martha Amoako

Next Post

Actor, Kohwe reported dead

Related Posts

BoG Warns Credit Contraction Still Haunts Ghana’s Economy
Economy

BoG Warns Credit Contraction Still Haunts Ghana’s Economy

July 17, 2026
Economic Growth Alone Cannot Save Ghana, NDPC Warns
Economy

Economic Growth Alone Cannot Save Ghana, NDPC Warns

July 17, 2026
Ato Forson Orders Urgent GDP, CPI Rebasing
Economy

Ato Forson Orders Urgent GDP, CPI Rebasing

July 16, 2026
Honourable Kofi Arko Nokoe
Economy

1Disrict 1Factory Policy Failed To Deliver Jobs Needed, Nokoe Says

July 16, 2026
ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

ADVERTISEMENT

Recent News

GSE Extends Rally as Market Surges 70% This Year

GSE Extends Rally as Market Surges 70% This Year

July 18, 2026
Nigeria 123

UNICEF Chief Calls for Sustained Investment in Nigeria’s Children

July 18, 2026
President John Dramani Mahama

Mahama Unveils Volta Region’s Development Gains During Resetting Ghana Tour

July 17, 2026
Lithium products

France Directs Sovereign Mineral Strategies Targeting Domestic Lithium Extraction Projects

July 17, 2026
France Defends Israel After Attack on Iranian Military, Nuclear Sites

Germany Agrees To Nuclear Cooperation With France

July 17, 2026
ADVERTISEMENT
Next Post
Veteran Ghanaian actor Kofi Laing, known in showbiz as Kohwe, has been reported dead.Comfort Laing, who is a daughter to the actor, confirmed the sad news to local media.

Actor, Kohwe reported dead

The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.