{"id":283593,"date":"2017-01-10T15:05:53","date_gmt":"2017-01-10T15:05:53","guid":{"rendered":"http:\/\/citifmonline.com\/?p=283593"},"modified":"2017-01-10T15:05:53","modified_gmt":"2017-01-10T15:05:53","slug":"hoteliers-want-17-5-vat-slashed","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2017\/01\/hoteliers-want-17-5-vat-slashed\/","title":{"rendered":"Hoteliers want 17.5% VAT slashed"},"content":{"rendered":"

Members of the Ghana Hotels Association have cautioned the new government to live by its promise and reduce the current 17.5 % VAT rate to the 3% Flat Rate within the first quarter of the year.<\/p>\n

They believe the move will enable the hotel industry progress and expand.<\/p>\n

The Greater Accra Regional Chairman for the Ghana Hotels Association, Dr. Edward Ackah Nyameke Junior who spoke to Citi Business News<\/strong> on the issue said they believe this reduction will help the industry.<\/p>\n

\u201cEverything that we see is a signal of the government\u2019s intention; for instance, there has been this assurance of a reduction of the 17.5 % VAT rate to 3 % for the industry to have a breather,\u201d he said.<\/p>\n

Dr. Ackah Nyameke added, \u201cthe high taxes have affected the industry negatively and fortunately we are looking forward to that and we want some clear signals in the first quarter that this will be done.\u201d<\/p>\n

Meanwhile Dr. Nyameke has hinted of plans by the Ghana Hotels Association to meet with the incoming minister of tourism to directly address their grievances at.<\/p>\n

He was hopeful the discussion should give the way forward for the industry.<\/p>\n

\u201cWe are hoping that in the first quarter if a minister is appointed for the tourism sector, we will have the opportunity to interact with him or her so that we can give a clear vision of some of the challenges we have, one of which is the numerous regulatory bodies like the Food and Drugs authority, the Registrar General\u2019s Department, Environmental Protection Agency and the District Assemblies.<\/p>\n

According to the hoteliers, the meeting will help coordinate the operations of the various bodies.<\/p>\n

\u201cThese bodies operate separately when it comes to fixing processing fees and we want something to be done about this,\u201d Dr. Ackah Nyameke stressed.<\/p>\n

–<\/p>\n

By: Anita Arthur\/citibusinessnews.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"

Members of the Ghana Hotels Association have cautioned the new government to live by its promise and reduce the current 17.5 % VAT rate to the 3% Flat Rate within the first quarter of the year. They believe the move will enable the hotel industry progress and expand. The Greater Accra Regional Chairman for the […]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[32,171,11],"tags":[],"yoast_head":"\nHoteliers want 17.5% VAT slashed - Citi 97.3 FM - Relevant Radio. 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