RCBs CALL FOR REDUCTION IN CORPORATE TAX 6th NOVEMBER, 2025
Rev. Fr. Tabase Joseph Aseyire, Board Chairman The Government of Ghana and its agencies in the banking sector regulatory space have been called upon to take urgent steps to reduce the corporate tax rate and the sustainability levy of 25 percent and five (5) percent respectively as the two remain very high for Rural and Community Banks (RCBs) operating across the country. Board Chairman of the NAARA RURAL BANK PLC, Rev. Father Tabase Joseph Aseyire made the call this Thursday in his report to the bank’s 34th Annual General Meeting (AGM) held in Bolgatanga in the Upper East Region. He emphasized the call which he already made back in November 2024 at a similar AGM of the bank in Paga; “we continue to call on government to reduce the corporate tax to at most, 15 percent for RCBs since majority of them are operating in the rural communities in the country”. Giving more insight into how the bank performed by the year ended 31st December, 2024, Rev. Tabase noted that though the peri...