Finance Minister Commends GCNet – Daily Guide Africa

Dr Nortey K. Omaboe hands over recommendations from GCNet to Mr Ken Ofori-Atta on ways to improve revenue mobilisation at the ports immediately after presenting the cheque.

Finance Minister Ken Ofori-Atta on Friday lauded the Ghana Community Network Services Limited (GCNet) for being consistent with the payment of dividends to government.

Officials of the company were at the Finance Minister’s office to present a cheque for GH¢17 million to government as GCNet’s final dividend payment for the 2016 fiscal year.

This brings the total dividends paid for 2016 to GH¢27 million.

The company had earlier paid a dividend of GH¢10 million to government.

Mr Ofori-Atta, who received the cheque, said government needs a critical revenue mobilisation measure to reduce the budget deficit of 8.9 percent, which the previous administration bequeathed it.

He said for that to be achieved, there was the need to ensure human interventions were limited as much as possible through the use of technology, adding that the role of customs and the port were indispensable.

Executive Chairman of GCNet, Dr Nortey K. Omaboe, who presented the cheque to the Minister, said last year the company paid GH¢35 million in corporate tax to government.

He said shareholders were bent on supporting government revenue mobilisation efforts in the several sectors of the economy.

“We have been extremely consistent in the area of statutory declaration and have also pursued a fairly aggressive dividend policy to ensure that dues are paid to government.”

A business desk report