• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Taxation system, corruption, others still impacting viability of businesses in Ghana – Report

2 years ago
in Business, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
105
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Taxation system, corruption, others still impacting viability of businesses in Ghana – Report

The UK-Ghana Chamber of Commerce (UKGCC) has published its 2022 Ghana Business Environment and Competitive Survey Report.

The survey was conducted with over 300 companies, including small to large-sized firms across 16 industries, and it highlights that businesses have experienced improved business environment, yet remain challenged by corruption, Ghana’s taxation system, high land and power costs, and other economic obstacles.

According to the survey, the cost of gasoline continues to be the highest operating expense for businesses, followed by power, machinery, and technology, which puts a strain on their financial resources. However, respondents were optimistic about the low costs of hiring competent labor, marketing, quality control, and locally obtained raw materials.

To improve the ease of doing business, the report suggests that the government must support successful regulatory reforms, promote transparency and lower corruption, and ensure a stable macroeconomic environment. The report also calls for improved bureaucracy and quicker approvals to enhance the ease of doing business.

The report also highlighted the need for businesses to develop appropriate quality standards, expand their capital base, and position themselves for the African Continental Free Trade Area (AfCFTA) to increase competitiveness and optimize the full benefits of the AfCFTA.

While the report commended the government for improving the perception of cost of land, availability of logistics partners, and access to land, it noted that corruption remains a major challenge for businesses.

RelatedPosts

Multichoice Rebuffs Minister’s Claim On DSTV Price Cuts, Cites Market Conditions

MTN Nigeria Now the Most Capitalized Stock in Nigeria

Nigerian Stock Market Creates Largest Pool of Billion-Dollar Stocks in 2025

UKGCC Executive Council Chairman, Anthony Pile MBE, said the results showed cautious optimism for the future, and stakeholders should plan for risks and uncertainties, and build resilience to withstand any unanticipated shocks in 2023.

Vish Ashiagbor, Country Senior Partner of PwC, a UKGCC member company and consultants/advisors for the report, applauded the government for its efforts in improving the business environment but urged the government to prioritize reducing corruption, ensuring a stable macroeconomic environment, and promoting transparency to create a more favorable business environment.

Tags: corruptionothers still impacting viability of businesses in Ghana - ReportTaxation system
No Result
View All Result

Highlights

OPEC+ Nears Decision Point on Next Oil Output Hike

Europe’s Energy Future Hinges on Global Powers

US Companies Cut Investments in China to Record Lows, Here’s Why

How AI is Rewriting and Enhancing Water Risk Management

SheFarms Broiler Edition Kicks Off in Greater Accra

PharmAccess Ghana, Healthcare Federation of Ghana sign SafeCare License Agreement; to use Newest ISQua-Certified Version 5

Trending

Business

Multichoice Rebuffs Minister’s Claim On DSTV Price Cuts, Cites Market Conditions

August 3, 2025

Multichoice Rebuffs Minister's Claim On DSTV Price Cuts, Cites Market Conditions MultiChoice Ghana has pushed back against...

MTN Nigeria Now the Most Capitalized Stock in Nigeria

August 3, 2025

Nigerian Stock Market Creates Largest Pool of Billion-Dollar Stocks in 2025

August 3, 2025

OPEC+ Nears Decision Point on Next Oil Output Hike

August 3, 2025

Europe’s Energy Future Hinges on Global Powers

August 3, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

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

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.