Category: Government
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Taxing of non-resident e-commerce entities in Ghana could push prices up – Technology Consultant
Technology Consultant and Digital Lead of Pop Out, Maximus Ametorgoh says consumers in Ghana are likely to pay a little bit more for products purchased on E-commerce platforms as the Ghana Revenue Authority (GRA’s) prepares to introduce a non-resident E-commerce and Digital Service Registration Portal, to help with the taxation of e-commerce platforms operating in…
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Ghana may not need the IMF if authorities take needed fiscal measures – Pierre Laporte
The World Bank Country Director for Ghana, Liberia, and Sierra Leone, Mr. Pierre Laporte, says Ghana stands to benefit from going to the International Monetary Fund (IMF) if the country plans on going on an aggressive debt rescheduling program. President Nana Akufo-Addo and the Minister of Finance Ken Ofori-Atta, have on multiple occasions shot down…
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Thorough examination of govt’s full expenditure package necessary – Prof. Botchwey
A former Minister of Finance, Prof. Kwesi Botchwey, has called for a thorough examination of all of government’s expenditure package. The remarks follow government’s decision to cut down on its expenditure, by up to 20 percent in the 2022 fiscal year. The 2022 budget puts Ghana’s total expenditure at GHc135.63 billion, with 20% of that…
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Transparency with public on economic situation is key – World Bank Country Director
The World Bank Country Director for Ghana, Liberia, and Sierra Leone, Mr. Pierre Laporte says it is key that government is transparent with the general public on the current economic situation the country finds itself in. Government recently expressed its unhappiness with credit rating agencies, especially after Moody’s downgraded Ghana’s long-term foreign currency sovereign rating…
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Sanction culprits in our reports – Auditor General urges Finance ministry
The Auditor-General, Johnson Akuamoah Asiedu is urging the Ministry of Finance to strictly sanction individuals or institutions found culpable of misapplying or misusing public funds per its reports. Mr Asiedu stressed that accountability was key to ensuring the protection of the country’s resources and value for money. “We also want to urge the minister of…
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Gov’t could struggle later if revenue measures aren’t supported – John Kumah
A Deputy Finance Minister, John Kumah says it may get to a time that government may not be able to fulfil some critical payment obligations if the government’s revenue mobilization measures including the electronic transfer levy are not supported. Although he has debunked claims that government workers may not be paid in the next three…
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‘Downward review of benchmark discount value doesn’t address our concerns’ – AGI
The Association of Ghana Industries (AGI), says it is dissatisfied with the government’s decision to review the benchmark discount value while consultations are still ongoing. After months of agitation and weeks of consultations with stakeholders in the trading community on the benchmark values reduction policy, the government has finally concluded on a 30 percent discount…
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Veterinary service assures poultry farmers affected by bird flu of compensation in due time
The Veterinary Services Department says it is yet to receive funds that have been allocated to it by the Ministry of Finance to compensate farmers whose birds were affected by an outbreak of bird flu in July last year. The veterinary services department has been at the forefront of dealing with constant outbreaks of bird…
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Audit Agency to be upgraded to a service – Abena Osei-Asare
The Ministry of Finance has indicated that plans are underway to upgrade the internal audit agency to a service. This according to the ministry is part of efforts towards strengthening the agency in the performance of its functions. The development with the agency was revealed by a deputy Minister of Finance, Abena Osei-Asare who was…
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World Bank assures of increased support for climate action in developing countries
The World Bank says it will ensure that countries that want to access facilities from it from 2023 show commitment in tackling climate change as well as compliance with the Paris Agreement. This forms part of the World Bank Group’s new Climate Change Action Plan that aims to deliver record levels of climate finance to…