Management of Zenith Bank (Ghana) Ltd, has held a maiden breakfast forum for Small and Medium Enterprises (SMEs) on the recent tax reforms and its impact on the growth of businesses across the country.
The forum which was organized in collaboration with Firmus Advisory Ltd, was themed, “Empowering the Private Sector to Maximize Revenue through Compliance with Ghana’s Tax Reforms”.
It brought together the leadership of the Bank, CEOs of SMEs, stakeholders and customers of Zenith Bank, officials from the Ghana Investment Promotion Centre as well as the top echelon of the Ghana Revenue Authority, being led by Commissioner General, Mr. Emmanuel Kofi Nti.
Addressing dignitaries at the forum, MD/CEO of Zenith Bank, Mr. Henry Oroh said it is part of the Bank’s strategic direction to initiate customer engagement programmes to replicate the same corporate governance culture and compliance regime among SMEs and corporate businesses for which Zenith Bank itself has set an example.
“This is a significant event for us as a Bank because it speaks to the foundational principles of our brand and operations. Zenith is one Bank that has built a reputable brand noted for its excellent compliance regime and corporate governance culture”, Mr Oroh said.
Conversely, the Commissioner General of the GRA, Mr. Nti underscored the need for SMEs and businesses to complement government’s effort in tax revenue mobilization.
He disclosed that a key initiative of the GRA is to rely heavily on technology through an e-platform to mobilise tax revenue.
The Bank reiterates its commitment to support the growth of its customers’ businesses and contribute to the expansion of Ghana’s economy.
The forum congregated the private sector for an informative session where participants gained knowledge of tax reforms and how SMEs could structure tax payments in order to assess and maximize benefits accruing from compliance.