Telecom

Ghana: Parliament votes tax exemption for Space Science And Technology Institute

Ghana: Parliament votes tax exemption for Space Science And Technology Institute
Thursday, 16 July 2020 16:57

In Ghana, the parliament has just agreed to waive taxes of $295,000 for the Ghana Space Science and Technology Institute (GSSTI). The measure concerns the acquisition of equipment and hardware for the Ghana Radio Astronomy Project and Collation of the Satellite Earth Observation Ground Receiving Station.

GSSTI wants to acquire a reference receiver for the global navigation satellite system (GNSS), a geodetic antenna, and a seismic system to study earthquakes and plate tectonics. The observatory will be part of the global network of Very Long Baseline Interferometry Telescopes (e-VLBI) that is jointly undertaking scientific research. The e-VLBI technique is useful for measuring the movement of the Earth's tectonic plates and helping to predict earthquakes; it allows the observation of variations in the Earth's orientation and day length, which can be useful in climate change research.

The tax exemption obtained by the GSSTI is the result of a request submitted to the National Assembly on 2 June 2020 by the Minister of Planning, George Yaw Gyan-Baffour, on behalf of the Minister of Finance. GSSTI intends to become a research and training center for students, scientists, and engineers in Ghana and the sub-region.

According to Mark Assibey Yeboah, Chairman of the Finance Committee of Parliament, the Ghana Radio Astronomy Observatory Project, when completed, would enable the GSSTI to significantly develop highly qualified human capital in areas such as astronomy, astrophysics, cosmology and space sciences.

On the same topic
Talks focus on CARDIP regional programme for connectivity and e-commerce Internet penetration remains low at about 12% in 2025 Central...
Axian Telecom partners AST SpaceMobile to deliver satellite mobile broadband in Africa BlueBird satellites will provide 4G and 5G directly to...
MTN and UNHCR signed a multi-year agreement to expand telecom access for refugees. The program will begin in Rwanda, Uganda, and South Sudan. It aims...
Angola launches UNESCO AI readiness assessment initiative Review to evaluate regulatory, technical and institutional capacity Program...
Most Read
01

Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agend...

Senegal Launches $360 Million Regional Bond Sale
02

Military escalation between Iran, Israel, and the United States has raised the risk of disruptions...

As Hormuz and Suez Tensions Escalate, Africa Faces a Potential Energy and Trade Shock
03

Algeria’s NESDA and the Algerian‑Saudi Investment Company sign cooperation deal focused on researc...

Algeria’s NESDA, ASICOM Sign SME Investment Deal; Funding Details Unspecified
04

DRC seeks ITC support for local battery value chains Musompo SEZ targets $2 billion private ...

DRC seeks ITC support to advance battery mineral value chains
05

Central Bank of Nigeria said 20 commercial banks have met new minimum capital requirements, with...

Nigeria Advances Banking Reform With Strong Recapitalization Progress
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.