Agence Ecofin TikTok Agence Ecofin Youtube Agence WhatsApp

Telecom

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

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

(Ecofin Agency) - 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.





 
Finance


 
Mining


 
Public Management


ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

AGENCE ECOFIN
Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11

EDITORIAL TEAM
redaction@agenceecofin.com

ADVERTISING SALES
Benjamin FLAUX
bf@agenceecofin.com
Tél: +41 22 301 96 11
Mob: +41 78 699 13 72

 

Please publish modules in offcanvas position.