Page 2 - THE NOTICEBOARD EDITION 63 OCTOBER 2020

Page 2 October, 2020

Ghanaian MSME’s Vodafone Poised to Improve SMEs’ Productivity & Agility
to Pay Taxes Online
in Our Next Term.
Speaking during a media
Continued from pg 1 briefing, Director of
has also promised his
administration when elected Enterprise Business Unit &
into office will provide tax reliefs Wholesale at Vodafone
for Small and Medium Scale
Enterprises (SMEs). Mr. Ghana, Tawa Bolarin, said
Mahama said corporate Small and Medium Scale
income tax for medium size Enterprises are changing the
companies under his next
administration will be reduced economic outlook of this
from the current 25% to 15%. country and empowering them
will improve their Ms. Tawa Bolarin
But a tax analyst has progress and thrive during
expressed doubt over the productivity and agility.
feasibility of the pledge made this pandemic. We believe
by Mr Mahama. Despite touting “SMEs are the backbone of that empowering them will
John Mahama's pledge as improve their productivity,
laudable,, Timore Francis Boi the Ghanaian economy and
said the tax reliefs will not be represent about 85% of and resilient to continue to
practical to implement due to businesses, largely within the experience growth during
the current state of the and after this pandemic”,
e c o n o m y . private sector, and
contribute about 70% of she added.
“It is the doing of it which is the Ghana's gross domestic
issue. We would love that the
informal sector which is mostly product (GDP). We believe Outlining the initiatives for
made up of the small that empowering them will this year's SME Month
businesses would be made to celebration, Ms Bolarin
pay their actual taxes. The improve their productivity
informal sector contributes just and agility, which will noted that initiatives to

about 1% to the total tax ultimately contribute to mark this year's SME month
revenue so the tax burden is include free digital
completely imbalanced. So, if Ghana's economic
he says that for example, he's development. This is why we advertising opportunities,
going to reduce the tax rate have put in place many free website presence for
from 25% to 15%, that will be six months, free use of
laudable. But the question is initiatives to develop,
can we identify those in the transform and create digital Vodafone's Bulk SMS
informal sector and allow SMEs”. platform for promotional
everybody to pay 15%,” he campaigns, twelve months
explained.
“Every SME has the power to free insurance cover, Red
succeed if they are equipped Trader, removed

with the right resources to interoperability charges on
connect, grow and prosper in
their businesses through
reliable relationships and
partnerships. With our

expertise in connectivity and
emerging technologies, we
continue to enable SMEs
Continue on pg 3