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Minister of Inner City and Zongo Development, Abubakar Saddique Boniface, has reiterated government’s commitment to bring development to zongo communities across the country.

According to him, consultations have been held on how to channel the Zongo Development Fund to identified communities.

The ministry was created by President Nana Addo Dankwa Akufo-Addo to undertake some special programmes to improve the economic and social circumstances of zongos and slum areas.

Speaking to Class News, Mr Boniface Saddique noted that plans will soon be rolled out for the disbursement of the funds.

He said: “Plans are far advanced as far as we are concerned, we’ve a lot of work doing on the ground, we haven’t started selling our work. Very soon, you’ll begin to see our works spread all across the country.

“It is so important that we don’t need to be talking and just deceiving the public but we must be proactive, we must ensure that whatever we have said, we translate into action and that is what we are doing.

“If you go to the Ministry of Finance, I’ve submitted a request to advance monies for projects to take off and very soon, we’ll be hearing good news…”

Story by Zuria/Owoahene Addai Samuel.

Zylofon CEO Nana Appiah Mensah and artist manager Bulldog have been involved in a bust-up that is seeing Bulldog out of Zylofon Music.

What brought about the misunderstanding between the two is not yet known but according to people within the label, Nana Appiah Mensah confronted Bulldog over an issue which occurred while they were in London together recently.

Bulldog did not take kindly to the manner in which Nana Appiah Mensah approached him, leading to a bust-up between the two at the Zylofon Music premises.

Nana Appiah Mensah according to some workers within the label have for some time now been complaining about the behaviour of his A / R manager and felt Bulldog was not giving him the needed respect as an employer, leading to a tension buildup between them.

Bulldog is expected to vacate his position at Zylofon within the next 48hours with some properties given to him by Zylofon already confiscated by the label.

Story by Owoahene Addai munukum./Ghana.

 

The restructured VAT rate, Luxury Vehicle Tax and 35 percent tax on persons earning more than ¢10,000 cedis is to be implemented from August 1, 2018.

These are some of the revised tax measures Finance Minister Ken Ofori Atta announced in the Mid-Year Budget review last week to help deal with revenue shortfalls.

The review was also meant to ensure that government ends the year meeting its revised revenue target of ¢51 billion.

Proposed Amendments Income Tax according to Memo submitted by Finance Ministry

Documents cited by JoyBusiness indicates that the Finance Ministry is considering reviewing the Income-tax (Amendment) Bill.

This will review the bill to amend the First Schedule of the Income Tax Act 2016 (Act 896) to revise the rates of income tax for individuals and provide for related matters.

The First Schedule of the income tax Act provides for 5 percent income tax bands.

The revision would also look at increasing the rate of income tax from 20 percent to 25 percent.

It is estimated that this tax should bring about ¢171 million in the next six months ending December.

Some business associations were pushing for more time before the tax is implemented even after parliament’s approval this week. But Deputy

Amendments to VAT<.b>

The objective to the law is the revise the VAT rate to 12½ percent on the taxable value of good and service and imports

The Amendments would change section 3 of the VAT act 2013 (Act 870) to mandate a taxable person to account for tax payable under that section, at a rate of 12½ percent, calculated on the value of the taxable supply of the goods or services or the value of the import.

Projections

Government is hoping to secure about ¢285 million from August to December 2018.

The various taxes were approved by parliament over the weekend paying the way for the implementation take off.

Timelines for implementation and concerns

Some business associations have been pushing for more time even after parliament passing the act into the law.

But speaking to JOYBUSINESS, Deputy Finance Minister Kweku Kwarteng said they are going ahead with its enforcement, while it works to address those concerns.

“We hope that Parliament is able to work on this as quickly as possible before it rises that the President would provide the accent before July closes and that from the first of August, we will begin to fully enforce the requirement of the new tax measures.

"As far as we are concerned the issues related to it have been fully thought through and resolve passage of the bill will conclude that process. What Parliament passes becomes law that is not subject to perhaps the kind of disagreements and I sent in perspectives as you suggest," he said.

"Once it is law, it is law and our responsibility as government would be to ensure that the law is enforced and the benefits to the economy are obtained,” he added.

source Joynews/Ghana.

Zimbabweans began voting on Monday in the first election since the removal of former president Robert Mugabe, a watershed vote they hope will rid the country of its global pariah status and spark a recovery in its failed economy.

The election will see 75-year-old President Emmerson Mnangagwa, a long-time Mugabe ally, face 40-year-old Nelson Chamisa, a lawyer and pastor who is vying to become Zimbabwe’s youngest head of state.

Voting started at 7 a.m. (0500 GMT) and will end at 7 p.m.

Polls give former intelligence chief Mnangagwa, who took over as president after the army ousted Mugabe in a bloodless coup in November, only a slim lead over Chamisa.

There will be a runoff on Sept. 8 if no candidate wins more than half the votes.

Nicknamed “the Crocodile”, an animal famed in Zimbabwean lore for its stealth and ruthlessness, Mnangagwa has pledged to revive a moribund economy, attract foreign investment and mend racial and tribal divisions.

Queues of eager voters snaked around the streets of the capital Harare from before sunrise.

“ZANU-PF is the only party that I have voted for,” said Elizabeth Kamhunga, 67, after casting her vote at a school in the Malbereign suburb of Harare.

“We may have made some mistakes but I think President Mnangagwa is the only person who has the interests of Zimbabwe at heart.”

Chamisa, a charismatic speaker who honed his craft in the courtroom and the pulpit, has won over young and unemployed voters who are frustrated with nearly four decades of Zimbabwe African National Union-Patriotic Front (ZANU–PF) rule.

“This is a historic day,” said Fabian Matsika, a security guard who woke at 4:30 a.m. to travel to his polling station on the outskirts of the capital.

“I’ll vote for Chamisa because it is a vote for change, it is a vote for the youth. Tomorrow we will have a new president.”

In a surprise intervention on Sunday, Mugabe said he would vote for the opposition, turning on his one-time allies.

Mnangagwa later accused his former boss of striking a deal with Chamisa, but provided no evidence.

For Zimbabwe to be welcomed back into the international fold, end painful sanctions and secure the donor funding program it needs to stem chronic cash shortages, observers have to sign off on the vote as being credible at least.

There have been reports of intimidation and coercion in the build-up to the vote and state media is biased toward the ZANU–PF, but there is a consensus that the process has been better than before.

Mnangagwa has welcomed in foreign media and international observers from the European Union, the United States and the Commonwealth, who are watching polling stations across the southern African country.

Whoever wins will face the mammoth task of putting Zimbabwe back on track after 37 years of Mugabe rule that was tainted by corruption, mismanagement and diplomatic isolation, sending one of Africa’s most promising economies into crisis.

Former Chief of Staff Mr Julius Debrah has denied endorsing Mr Alban Bagbin’s candidature for the National Democratic Congress (NDC) flagbearership race.

Reports over the weekend suggested that Mr Debrah, who was appointed by former president John Dramani Mahama as his Chief of Staff had switched camp to support the Nadowli-Kaleo lawmaker against his former boss.

But in a rejoinder, Mr Debrah asked members of the NDC to ignore such reports describing it as “false”.

He said: “My attention has been drawn to news reports of my supposed endorsement of Mr Alban Bagbin to lead our great party, the National Democratic Congress (NDC).

“Let me state emphatically that, I, Julius Debrah, have at no time, either privately or publicly made any statements to suggest my support or endorsement of Mr Bagbin.

“It is unfortunate that a last-minute request by Mr Bagbin after the one-week commemoration of my late mother to visit will be deliberately twisted for seeming political gain. He was warmly received just like all other dignitaries who came to mourn with my family.

“The news reports are false, and I wish to humbly urge all members and well-wishers of the NDC who have called expressing concern and surprise to kindly ignore the said reports.”

Source: Ghana/Owoahene Addai munukum

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