President Mahama urges Ghanaian businesses to prioritise tax compliance and succession planning
John Dramani Mahama urged Ghanaian businesses to openly demonstrate their commitment to tax compliance and stressed the importance of succession planning on Saturday, April 4, at the Kwahu Business Forum 2026. Addressing large business operators, President Mahama encouraged them to personally present their tax payments to the Ghana Revenue Authority (GRA), saying, "I encourage all of you, the big businesses, don't hide. Go and stand there with GRA and let them receive your cheque. Let's see that you are paying your taxes and that you are good corporate citizens."
President Mahama highlighted succession planning as critical in sustaining Ghanaian businesses, particularly in the informal sector. He recounted a story from his upbringing in Tamale about a Tuozafi (TZ) joint that continued successfully under the founder's daughter after the original owner passed, which he called "effective succession." He warned that the lack of structured succession planning contributes to a cycle of businesses rising and collapsing, hindering the development of sustained enterprises.
President Mahama emphasized that "Businesses rise and collapse, new ones come and collapse again. We need sustained businesses, and that requires planning beyond the founder's lifetime."
Quick Summary
President Mahama has called on Ghanaian businesses to focus on two key areas. He is encouraging more transparency and a long-term vision - but what could this mean for the future of Ghana's economy?
Summary - read the full story for complete context.
Image: MyJoyOnline
GhanaFront aggregates news from trusted sources. Click to read the original article.
Keywords
Explore related tagsMore from MyJoyOnline
Related Stories
More from Business & Economy
Invest in start-ups and explore mergers - President Mahama urges Ghanaian businesses
President Mahama is encouraging established businesses to consider investing in - and even acquiring - promising start-ups.
4h ago•2 min read
President Mahama reflects on the birth of Kwahu Business Forum at 2026 event
President Mahama shares how a simple idea during a campaign trip led to a major business event - but why Kwahu?
3h ago•4 min read
New airport infrastructure tax - a costly own goal that ground Ghana's aviation ambitions
A new airport charge in Ghana has travelers concerned about rising costs-but what does this mean for the region?
5h ago•4 min read
Gov't to construct new concourse at Accra International Airport to ease congestion
A new concourse is coming to KIA - promising to ease congestion. But how will it change your travel?
6h ago•2 min read
