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GCNet Pays GH¢8m Dividend To Gov’t   
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Finance Minister Ken Ofori Atta (right) receives the dummy cheque for GH¢8 million from Dr Nortey Omaboe, Executive Chairman of GCNet

GCNET Limited recently presented GH¢8 million, which is the second tranche of its dividend, to government for 2017 at the office of the Minister of Finance in Accra.

This brings total dividend payment for 2017 to GH¢17 million, following an earlier payment of GH¢9 million in the year.

For 2016, dividend payment was GH¢18 million.

Executive Chairman of GCNet, Dr. Nortey Omaboe, said the shortfall in 2017 was generally due to high operational cost in the deployment of numerous systems, especially the TRIPS system to outlying offices.

“Currently, we have deployed the system to 65 Ghana Revenue Authority (GRA) offices and with the exception of Weija, we are hoping that in the next month the total deployment would be complete.”

Dr. Omaboe revealed that in November last year, GCNet recorded the highest Tax Identification Number (TIN) registration in the history of the country where one million TINs were registered.

He said about a month ago, the figure increased by 50 percent to about 1.5 million.

“We anticipate that it would increase further, as the government has now come out with some clear guidelines on what services one can use with or without a TIN.”
Source: Daily Guide

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