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The government has announced that privately-owned universities will be granted some tax reliefs thereby enabling them to thrive and admit more students.

Making the announcement in the 2018 budget read in Parliament today, [Wednesday], November 15,  Finance Minister, Ken Ofori-Atta, revealed that the private institutions will no longer be required to pay corporate income tax.

Ken Ofori-Atta

The Akufo-Addo administration has introduced a special initiative targeted at jobless graduates called the Nation Builders Corps (NBC).

In the 2018 Budget address, under the theme, “From Stabilization to Work; Putting Ghana to Work Again”, the Finance Minister, Ken Ofori-Atta, said 100,000 tertiary graduates will be employed under the NBC in 2018.

Residential and non-residential electricity consumers in the country will enjoy a 13% reduction in tariff beginning January next year, Finance minister Ken Ofori Atta announced in Parliament during the 2018 budget presentation Wednesday.

Additionally, other composite charges in the tariff build-up of electricity have been reduced by the government.

The reductions in electricity tariff as contained in the 2018 budget are; Residential – Up to 13%, Non Residential – 13%, Special Load Tariff- Low Voltage – 13% ,Special Load Tariff -Medium Voltage – 11%, Special Load Tariff -High Voltage – 14%, High Voltage Mines – 21%.

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