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    IMF: Ghana has fulfilled obligations, awaiting creditor action on debt restructuring

    IMF, World Bank work to accelerate debt treatment for Ghana, others under G20

    Zambia advises Ghana to have restrictive laws on debt accumulation 

    Ken Ofori-Atta, Ministry of Finance for Ghana, gives an interview during day 3 of the AfDB Annual Meetings on 13 June 2019 in Malabo, Equatorial Guinea. (Photo by Malick Silue)

    2024 budget: Government commits to more expenditure cuts, aggressive growth, jobs

    Customer Service Week: Pan-African Savings and Loans provides medical services to clients

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    IMF clarifies Ghana’s growth rate projection

    NPA sanctions seven OMCs for illicit fuel distribution

    Gold Coast Fund Management Company customers begin day 2 of protest at Finance Ministry

    IMF awaits Ghana’s agreement with bilateral creditors before releasing next tranche of $3bn bailout

    Development Bank Ghana set to diversify financial offerings by introducing equity fund alongside lending activities.

    Access Bank registers a GH¢0.30 increase in its share price as the local stock exchange witnesses no declines

    Ghana’s 3% economic growth an indication of a resilient economy – IMF Mission Chief

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    Nigeria aims for $5 billion tech investment by 2027

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    Apple says iPhone and iPad apps will show up on the vision OS App Store from the get-go

    China launches $41 billion fund to accelerate semiconductor industry

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    West Africa records growth despite coups and underperformance of its largest economies

    World Bank projects Africa’s economy to slow down to 2.5%

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COVID-19: Accountant General implements tax reliefs for health workers and COVID-19 Fund pledges 

byEbenezer Afanyi Dadzie
April 16, 2020
in General, Top Stories
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The Controller and Accountant-General has implemented the three months tax relief granted to all health workers as directed by the President in his recent address to the nation on the coronavirus pandemic.

President Akufo-Addo, while addressing the nation on April 5, 2020, on measures taken by the government to contain the spread of the COVID-19 disease, announced a number of packages for health professionals at the forefront of the fight.

Among the measures are tax reliefs for the months of April, May and June, an insurance package for health personnel and allied professionals at the forefront of the fight. In addition, those considered as frontline health workers, are to receive an additional allowance of 50 per cent of their basic salary for three months.

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The Controller and Accountant-General’s Department in a statement signed by the Acting Controller and Accountant General, Mr. Kwasi Kwaning-Bosompem, indicated that the tax reliefs will accordingly reflect in the salaries of health workers for April, May and June 2020.

Meanwhile, on the 50 per cent basic salary as allowance for frontline workers, the Department said it has engaged the Ministry of Health on the modalities for effecting the payment since there’s no clarity on who a frontline worker is.

“Three (3) months tax relief for all health workers has been effected. This will reflect in each of the three months’ (April, May and June 2020) Payroll.

“On the 50% of basic salary as allowance for frontline health workers for the next three months, the Department has engaged the Ministry of Health on the modalities for effecting the payment,” the statement announced.

Pledges

The Department further revealed that it has also implemented pledges by the President and the Vice-President to donate their three months salaries to the National COVID-19 Fund established by the government.

Other pledges by the Chief of Staff, all Ministers of State, and other government appointees who also pledged 50% of their three months salaries to the Fund have also been implemented, the statement noted.

“The Controller and Accountant-General wishes to inform the general public that these directives have been implemented and the results will reflect after April 2020 Payroll Run,” it stated.

The Department further assured all Pensioners and Government workers that, despite the partial lockdown, “adequate measures have been put in place to ensure that pensions and salaries for the month of April 2020 are paid as scheduled.”

COVID-19 pandemic

There are more than 2 million confirmed cases of coronavirus in over 200 countries, with over 130,000 deaths.

So far, Ghana has recorded 641 cases with 8 deaths and 83 recoveries.

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