Stanbic Bank Ghana has held the first of its 2018 Trade Series at the Holiday Inn Hotel in Accra. The forum brought together businesses and SMEs, representatives from the Ghana Revenue Authority and Ministry of Trade and Industry to dialogue and share knowledge and ideas on the business environment in Ghana and making the best out of it.
In his remarks, Kodwo Arizie, Head of Transactional Products at Stanbic Bank Ghana, said the bank considers such engagements as critical avenues for sharing industry knowledge with their Small and Medium scale Enterprises while at the same time serving as a potent source of feedback for the bank to serve the needs of their business clients better.
According to Mr. Arizie, “Stanbic Bank has been operating in Africa for the past 150 years, giving us an understanding of the terrain and the dynamics of the African market and are therefore better placed to advise businesses across different sectors. We have financial solutions that speak to the specific needs of all businesses. Beyond this, we have strong relationships with strong banks across the globe making foreign currency transactions seamless for our customers”
Presenting on the new income tax regime, Eric Sebastian Awuni, Principal Tax Officer of the Ghana Revenue Authority (GRA), announced that under the new tax regime, every income earning Ghanaian is supposed to file his/her tax returns as required by the law.
“The enforcement of the amended income tax law 2016 (Act 907), requires the filing of tax returns to be done by private individuals and not just corporate entities and I encourage all Ghanaians to take this seriously and file their tax returns so we can achieve a Ghana beyond aid”, Mr. Awuni said.
The Stanbic Bank Trade Series is Stanbic Bank Ghana platform aimed at engaging businesses and SMEs on how to improve trade, creating an enabling environment for business growth and soliciting feedback from the bank’s customers.