GOVERNMENT SHOULD REDUCE THE TAXS ON RURAL BANKS —CHAIRMAN ASANTE URGES

The Board Chairman of Juaben Rural Bank Limited, Mr. Kwabena Asante Krobea, has asked the government should reduce the tax increment on rural banks.

Mr. K. Asante made mention that, the government has increased the tax from 8% to 25% which is effecting the entire rural banks in Ghana here.

He, therefore, appeal to the led government of the Republic of Ghana Nana Addo Dankwah Akufo-Addo and the entire board members of Bank Of Ghana to do something on that Rural Banks tax increment because it is dragging some of their colleagues to deep water.

Chairman further explain that, they have supported the bank owners and the entire nation especially the Ashanti Region in developmental projects, thus; the bank social responsibilities like secondary and tertiary institutions scholarship scheme which cost them in an amount of Gh¢37,547.10 was expended for 21 people’s, the bank donates an amount of Gh¢42,593.00 to various institutions within the bank catchment areas. Some of the beneficiaries are Mother and Baby Unit Block at Komfo Anokye Teaching Hospital(KATH), Juaben Police Station, Bonwire Kente Festival, Ghana Blind Union, District, and Municipal Assemblies and Al-Bilal Islamic School at Asokore Mampong, the bank again has constructed an X-Ray Department for Juaben Government Hospital, which cost them Gh¢322.288.00.

Chairman reviewed this to the general public at their main office during their 34th Annual General Meeting.

Story by Emmanuel Koranteng.

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