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
Operator explores renewable energy partnership with Italy’s Ascot Energy Move aims to stabilize power for 4G, 5G rollout and data centers Focus on...
Tunisia and Algeria create a digital platform to connect universities and labs for AI research collaboration The platform aims to accelerate...
Mauritania launches a unified national standard for digital public services Authorities aim to improve interoperability, efficiency, and user...
Ghana launches AI training program for civil servants with UNESCO support Initiative uses train-the-trainer model, runs through May 2026 Program...
Most Read
01

Firms move beyond payments toward integrated SME platforms Services include invoicing, inve...

African fintechs are moving beyond payments - and into business operations
02

Novo Nordisk cuts Wegovy prices in South Africa amid competition Move targets rival Eli Lil...

Drugmakers ramp up competition in South Africa’s obesity treatment market
03

The BCEAO now allows UEMOA citizens abroad to open CFA franc accounts under the same conditions as...

West Africa Targets Diaspora Funds With New Banking Access Rules
04

ECOWAS, Energy China discuss regional power infrastructure cooperation Talks cover $36.3...

ECOWAS, China Discuss Cooperation on West Africa Power Projects Under $36.39B Plan
05

South Africa pushes faster oil, gas exploration despite legal challenges Environmental groups’ co...

South Africa pushes offshore drilling despite environmental legal challenges
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.