UMB Schools Indian Businesses On Tax

John Awuah, CEO, UMB Universal Merchant Bank (UMB) recently held a seminar for the Indian Business Community in Accra under the theme, “Conquering the Tax Landscape in Ghana.”

Chief Executive Officer (CEO) of UMB, John Awuah, in his welcome remarks, highlighted the importance of the relations between Ghana and India and the tremendous contribution that the Indian community had made to the socio-economic development of Ghana.

Mr. Awuah also commended the strong entrepreneurial drive and ambition of the Indian community in Ghana which has led to the establishment and growth of several outstanding Indian owned businesses.

“The tax regime in Ghana has seen a number of changes in recent times, and it is important for businesses and entrepreneurs to understand how these changes can affect their operations and most importantly how they can navigate the tax landscape.”

Abdallah Ali-Nakyea, Managing Partner of Ali-Nakyea and Associates, a tax consultancy firm, in a keynote presentation, led participants through some of the recent changes in the tax regime in Ghana and outlined several key features that benefited entrepreneurs and businesses.

Heads of the business units at UMB also took turns to address participants on the bank's impressive portfolio of products and services.

Nelly Abotchie, Director of Corporate Banking, spoke about the bank's proposition for corporate entities while Kevin Adarkwah, Director of Treasury, outlined the various treasury products and services that UMB offered.

Other speakers included Ernest Tetteh, Head of Business Banking, Jeffrey Odame-Yeboah, Head of Personal Banking and Elizabeth Naami Grant, Head of Private Banking.

Yvonne Botchey, Director of Marketing and Communications, stated that UMB recognized that businesses in Ghana do not need just a bank, but a partner who would take the time to gain a deeper understanding of their business goals and provide them with the necessary support for achieving those goals.

Participants praised the bank for organizing the event and asked that such informative seminars became a regular feature on the bank's calendar.

A business desk report