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The water supply and sanitation sector in Ghana is a sector that is in charge of the supply of healthy water and also improves the sanitation of water bodies in the country. In Ghana, the drinking water supply and sanitation sectors face a number of issues, including relatively limited sanitation access, intermittent supply , significant water ...
However, water tariffs increased by 80%. There was no specific target concerning access of the poor to water included in the management contract. Nevertheless, with the help of the Dutch foundation "Water for Life" the operator improved the water supply for around 75,000 people in 15 peri-urban areas throughout Ghana. [6]
The goal was to streamline training of tax practitioners in the country. He noted the importance of such training, and said the law would eventually require that all tax practitioners had gone through a full course in taxation. [4] The CITG conducts examinations twice a year. In 2011 it was undertaking a major review of the syllabus.
The top income tax and corporate tax rates are 25%. Other taxes included with value-added tax (VAT), are the national health insurance levy, and a capital gains tax. The overall tax burden was 12.1% of Ghana's total domestic income in 2013. Ghana's national budget was the equivalent of 39.8% of GDP in 2013. [31]
The rebase moved Ghana into middle income status and it placed the country as the third largest in the ranking of GDP per person in West Africa behind Cape Verde and Nigeria. After the changes in statistics, the service sector became the largest sector of Ghana's economy with a share of 51%.
The Ghana banking crisis was a severe banking crisis that affected Ghana between August 2017 and January 2020. The Bank of Ghana (BoG) allowed several indigenous banks to be taken over by private companies between August 2017 and January 2019 after Nana Akufo-Addo was elected president in December 2016.
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Furthermore, with an estimated 25% of the population currently lacking access to clean water, climate change will only make Ghana's water crisis worsen. [12] The availability of fresh water is vital to Ghana's social and economic development , which is why it is important to understand the relationship between climate change and its affects on ...