Tag: 2021 budget
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2022 budget: Reset fiscal policy to create credible path towards sustainability – BoG to Government
Governor of the Bank of Ghana, Dr. Ernest Addison, is urging the government to use the 2022 budget to reset fiscal policy and create a more credible path towards medium-term fiscal sustainability. According to him, this is crucial to accelerate the country’s financial stability. Speaking at the 10th edition of the Ghana Economic Forum (GEF),…
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2021 budget didn’t give enough attention to fisheries sector – Tuna Association
The Ghana Tuna Association says the country’s budgets and Economic policies will have to begin focusing on growing the Tuna industry if the sector is to thrive. According to the Association, this year’s budget just as previous ones failed to address this concern. The Association ahead of the budget presentation had indicated that it expected…
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Deloitte Ghana Economic Dialogue: Trade Minister defends 2021 budget and policies to recover economy
As Ghanaian businesses continue to explore avenues to harness opportunities for growth amid the COVID-19 pandemic, the Minister for Trade and Industry, Alan Kwadwo Kyerematen, says government’s programmes and policies in the 2021 Budget and Economic Policy Statement are geared towards strengthening businesses. Addressing participants of this year’s edition of the Deloitte Ghana Economic Dialogue,…
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ISSER advocates for effective revenue mobilisation for economic recovery
The Institute of Statistical, Social and Economic Research (ISSER) has asked the government to limit human contact in the country’s revenue mobilization by introducing automated and computerized tax collection systems. According to the institute, human contact in revenue collection usually forms grounds for bribery and corruption which denies the country of needed revenue. Describing the…
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Automate IGF streams to achieve revenue target – Prof. Quartey
In order for government to achieve its set revenue target for the year 2021, it must ensure the automation of all domestic revenue mobilization streams. This is according to Professor Peter Quartey, the Head of Economics Department, Institute of Statistical, Social and Economic Research (ISSER), University of Ghana. According to him, ensuring efficiency in tax…
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Yet-to-be-approved taxes must have timelines – KPMG’s Anthony Sarpong
International Auditing Firm, KPMG says the yet to approved new taxes are a necessary evil as the government strives to engineer the recovery of the economy following the impact of the COVID-19 pandemic. In an interview with Citi Business News on the sidelines of a stakeholder engagement on the 2021 budget organised by KPMG, its…
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Ken Ofori-Atta justifies proposed new taxes
The Finance Minister-designate, Ken Ofori-Atta, has justified the proposed new taxes in the 2021 budget. Osei Kyei-Mensah-Bonsu, the caretaker Finance Minister, while delivering this year’s budget statement announced moves to impose taxes on fuel, i.e. 10 pesewas per litre for diesel and petrol as Sanitation and Pollution Levy (SPL) and 20 pesewas per litre of…
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2021 petroleum revenue forecasts pegged at US$886 million
Government is expecting to realize roughly US$886 million as petroleum revenue for 2021. This was announced by the caretaker Finance Minister and Minister of Parliamentary Affairs, Mr. Osei Kyei-Mensah-Bosnu during the 2021 budget presentation in Parliament on Friday, March 12, 2021. The amount is made up of royalties of US$201.0 million, Carried and Participating Interest…
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Poor people will suffer most from newly-proposed taxes – Joe Jackson
Economist Joe Jackson is concerned that Ghanaians at the lower level of the economic ladder will be the worst hit by the government’s proposed new taxes and levies. He said while the taxes apply to every Ghanaian, they will come out as very harsh to the poor since the majority of them use consumables and…
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Citi TV, UPSA to hold post-budget dialogue on March 18
Citi TV and the University of Professional Studies, Accra (UPSA) will hold a post-budget dialogue on Thursday, March 18. The theme for the programme is “Building Consensus for Effective Implementation of National Economic Policies.” The dialogue, scheduled to start at 4 pm on the day, will consist of a panel discussion and, question and answer…