Micro WATCH

Ghana Co-operative Credit Unions Association pushes for tax exemptions

The Ghana Co-operative Credit Unions Association Limited is appealing to government to seriously consider exempting its members from paying taxes.

The call, according to the Board Chairman of the association, Dr. Bernard Bingab, is aimed at supporting and protecting investments.

Justifying how other African countries have given tax reliefs for co-operatives, Dr.Bingab described the approach with which the Ghana Revenue Authority has been clamping down on its members as unwarranted.

He was speaking at the 55th anniversary of the Ghana Co-operative Credit Unions Association at Koforidua in the Eastern region.

" One of my biggest appeal to our government is tax exemptions for co-operatives. Almost all African countries exempt co-operatives from tax. In recent years Ghana Revenue Authority have clamped down on credit unions asking some to pay as high as one million cedis. Mr. Minister this is totally unwanted"

" This is a group that is there to help the country. Monies that we take as credit unions gets back to the poll so we have difficulty in why other African countries are exempted or tax exempted and yet the credit unions are being asked to pay tax". He stated

The anniversary also coincided with the celebration of this year's International Credit Union day.

The board chairman also called on government to strengthen its rules that governs the cyber security space to protect credit unions from cyber crimes whiles expanding opportunities in the technological space.

" As we navigate the future of credit unions, it is important to acknowledge that just as with any evolving industry, there are both threats and opportunities. The threat of cyber crimes is significant to us. We have recently engaged the Cyber Security Authority to see how they can help us. As credit union we see the way to go is technology but there's a threat of cyber security". He noted

Are you looking for a career opportunity as an Account Officer? If so, we have the perfect job for you. Lexbert Multimedia is hiring an Account Officer to join our team.

To be successful in this role, you will need to have excellent communication and interpersonal skills, as well as a strong knowledge of accounting principles and practices. You will also need to have a bachelor's degree in accounting, finance or related field, and at least two to three years of experience in a similar position. If you are interested in this job, please send your resume to [email protected].
We look forward to hearing from you soon.

6 Days More to go!!

Don't miss out on this opportunity to acquire practical solutions for the challenges your Credit Union faces as well as network with the leaders in the Credit Union Movement

To register, click on the link below and fill the form with the necessary details👇👇👇👇
https://lexbertmultimedia.com/credit-union-innovation.../