The Managing Director of the Ghana Stock Exchange (GSE), Mr Kofi Yamoah, has said the introduction of the new Income Tax Act, 2015 (Act 896) has ripped off all incentives on the capital market, The phenomenon he said is, therefore threatening the sustainability of existing funds. The new tax, he said has taken away the capital gains on investments and the three per cent 3-year rebate for companies listing on the exchange for the first time, adding that this would make the market unattractive to investors. Speaking at the listing of a debt instrument of Bayport Financial...
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