Stanbic Bank Ghana has held a business forum to share ideas with clients on how to make the best out of the current business environment.
The forum, the first of the bank’s 2018 Trade Series, brought together businesses and SMEs, representatives from the Ghana Revenue Authority, and Ministry of Trade and Industry to share ideas on the business environment.
Mr Kodwo Arizie, Head of Transactional Products at Stanbic Bank Ghana, said the bank considered such engagements as critical avenues for sharing industry knowledge with Small and Medium scale Enterprises while at the same time serving as a valuable source of feedback for the bank to better serve the needs of its business clients.
Mr Arizie said Stanbic Bank’s years of experience on the African continent provided it with a deeper understanding of the terrain and the dynamics of the African market.
“We are therefore better placed to advise businesses across different sectors as we have financial solutions that speak to the specific needs of all businesses. Beyond this, we have firm relationships with strong banks across the globe making foreign currency transactions seamless for our customers,” he said.
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 has the responsibility to file his or her tax returns.
“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.