{Promise} : 25% Private University Tax to go — Bawumia

The Government will soon scrap the 25 per cent corporate tax imposed on private universities, the Vice-President, Alhaji Dr Mahamudu Bawumia, has said.

The removal of the tax, he explained, was part of the Government’s effort to strengthen private tertiary institutions to enable them to play their roles in national development.

Dr Bawumia made this known in a speech read on his behalf by the Deputy Eastern Regional Minister, Mr Joseph Tetteh, at the 11th Congregation of the Presbyterian University College of Ghana (PUCG) at Abetifi in the Eastern Region last Saturday.

In all, 874 students graduated in various disciplines.

Private universities, have over the years, made several appeals to successive governments to remove the tax, which they claimed was a huge financial burden on them.

Dr Bawumia reiterated the government's determination to strengthen education at all stages through adequate funding.

“Over the years, successive governments have been confronted with the challenge of inadequate funding for higher education. As part of efforts to tackle this, the government has committed itself to the establishment of a research fund for higher learning,” he said.

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Culled from graphic.com.gh