GCUC welcomes 25% corporate tax waiver on Private Universities

The President of the Garden City University College (GCUC) in the Ashanti regional capital Kumasi, Dr Wilhelmina Donkor has lauded plans announced by government to scrap the twenty five per cent (25%) corporate taxes slapped on private universities.

The charges were introduced by the erstwhile John Dramani Mahama government in the year 2013 to the displeasure of the conference of heads of private universities.

The conference argued that the taxes which came with an amended internal revenue act, was detrimental to the interest of university education and Ghana’s development planning.

In an address read on his behalf at a graduation ceremony of the Presbyterian University College over the weekend, the Vice President Dr Mahamudu Bawumia indicated that plans were far afoot to get the taxes waived.

Commenting on the measure, Dr Wilhelmina Donkor explained that any action taken in that direction will allow private universities pay their Lecturers better salaries and invest in infrastructure for their schools.

She told Ultimate News’ Ivan Heathcote –Fumador, “it will be a very welcoming news because very often, we are deprived of resources and this will enable us to invest whatever we were paying out, in infrastructure and other most needed facilities for our students so we will really jump at it.”

“In terms of remuneration, our lecturers and staff are far behind their counterparts in the public sector and we will have to look at improving working conditions for our staff to ensure that we attract the best and retain them,” she added.

Dr Donkor was however blunt that the tax waver would not immediately reflect in reduction in fees paid by private university students.

She pointed out that “most of the private universities are already struggling,” but assured that the reprieve could rather help them maintain their current charges which she insists are way lower than fees paid by fee paying students in public universities.”

By: Ghana/Ultimatefmonline.com/106.9FM/Ivan Heathcote-Fumador