The 8 charges on every litre of petrol you buy [Infographic]

Checks by indicate that Ghanaians are not enjoying a drastic fall in fuel prices because taxes on fuel alone constitute about 70% of the cost. Each tax component and margins also attract 17.5% Value Added Tax (VAT), which is borne by  the consumer. The infographic below shows a breakdown of the various components and how much is charged. – ...

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New income tax burden: See how you will be affected [Infographic]

The Ghana Revenue Authority (GRA) has introduced a new income tax law, Income Tax Act, 2015 (Act 896)  to replace the repealed Internal Revenue Act, (Act 592). The infographic below shows rates to be charged on income earned by individuals, effective 1st January, 2o15.   – By: Mawuli Tsikata/  

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Road accidents down by 17% in 2015 [infographic]

The National Road Safety Commission of Ghana has announced a 17.5% decrease in the number of reported road accidents from January to November 2015 as compared to statistics from the same period in 2014. According to the Executive Director of the Commission, ING May Obiri-Yeboah, “From January to November 2015, a total of 9,904 cases of road traffic crashes have ...

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