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KPMG’s Pre-Budget Survey Report

KPMG’s Pre-Budget Survey Report

This Pre-Budget 2018 report examines what companies are doing in the midst of this evolving environment and what can be done to help them develop into enterprises of the future. In August and September 2017, we surveyed 60 business leaders from various sectors of the economy for their perceptions of the business environment and the fiscal regimes that affect their business. The sectors included construction, transport and logistics, financial services, hospitality, manufacturing, mining and petroleum, pharmaceuticals, retail, technology and other miscellaneous businesses, including multinationals, local companies and small to medium sized enterprises. Some concerns of the business community include access to credit/cost of credit, cost of clearing goods at the ports, cost of utilities, cyber security, forex stability, internet connectivity, tax incentives and unfair competition. We hope the insights from the research will help the Government with their deliberations and provide valuable feedback in the lead-up to the 2018 Budget.

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WHY THIS MATTERS

This pre budget survey comes at a time when many firms are adjusting to a slowly improving economy, global macro uncertainties and technological disruption. It is a subdued period for many businesses but there have been some interventions by government including tax reliefs and proposals for social and infrastructural reliefs that provide fecund seeds of a growing economy. It is encouraging to note the growing interest in, and adoption of technology as businesses transform in response to, and in preparation for an emerging digital age.

CONTACTS

KPMG

13 Yiyiwa Drive  Abelenkpe

P.O. Box
GP 242  Accra

 

Tel: +233 302(0)770454, 770618, 770712

email: info@kpmg.com.gh  

web: www.kpmg.com/gh

© 2017 KPMG, a Ghanaian registered partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative, a Swiss entity. All rights reserved.

Flash Alert is an Global Mobility Services publication of KPMG LLPs Washington National Tax practice. The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.

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