Tag: 2022 Budget
-
‘The game is still on, we’ll surely approve 2022 budget’ – KT Hammond
The Member of Parliament for the Adansi Asokwa constituency in the Ashanti Region, KT Hammond, says members of the Majority Caucus will marshal all the arsenal at their disposal to approve the 2022 budget, which was rejected by Parliament last Friday. “The Game is still on. The action will be in play today. There won’t be any…
-
Economist urges gov’t to target telcos profit, others to raise needed revenue
As Parliament prepares to begin debating the 2022 Budget Statement on Tuesday, November 23, 2021, a senior lecturer in the Department of Economics at the University of Ghana, Dr. Adu Owusu Sarkodie has called for a more holistic approach to revenue mobilization next year. The Minister for Finance, Ken Ofori-Atta on Wednesday, November 17, 2021,…
-
Abolishing road tolls will ensure free movement of goods and services – Osafo-Maafo
Senior Presidential Advisor, Mr. Yaw Osafo-Maafo has backed the zero-rating of tolls on all public roads and bridges. The Finance Minister, Ken Ofori-Attah, who made the announcement on Wednesday, explained that tolling points contribute to heavy vehicular traffic witnessed on major roads across the country. In an interview with Citi Business News, Mr. Osafo-Maafo noted…
-
2022 Budget: 1.75% tax imposed on MOMO, other electronic transactions
As part of efforts by the government to rake in more revenue for the country, government has slapped a 1.75 per cent levy on mobile money and other electronic transactions that exceed GH¢100 per a day. The levy called ‘Electronic Transaction Levy or E-Levy’ is contained in the 2022 budget. Delivering the 2022 budget statement…
-
Finance Minister delivers 2022 Budget today
The government’s Budget Statement and Economic Policy for the year 2022 is expected to be presented in parliament today, Wednesday, November 17, 2021, by the Finance Minister, Ken Ofori-Atta. This will be the sixth budget of the Akufo-Addo administration, in accordance with Article 179 of the 1992 constitution. Many await the presentation of the 2022…
-
2022 budget must make provision for payment of debts owed contractors – Construction Chamber
Barely a day to the presentation of the 2022 Budget Statement and Economic Policy, the Ghana Chamber of Construction Industry, is urging the government to ensure that plans for the settlement of debts owed its members as far back as 2016 are captured in the policy document. The chamber argues that the delayed payments adversely…
-
Gov’t urged to use the 2022 budget to stimulate production activities in the country
The government is being urged to use the 2022 budget statement and economic policy to introduce supply-side initiatives that will stimulate production. According to economist Courage Martey, an improvement in domestic production will go a long way to mitigate the rising rate of inflation. The year-on-year inflation rate for October 2021 hit 11 percent, according…
-
2022 budget: Replace ‘nuisance’ taxes with productive levies – Prof. Quartey
Ahead of the presentation of the 2022 budget, the Director of the Institute of Statistical Social and Economic Research (ISSER), Professor Peter Quartey, is calling for the scrapping of some nuisance taxes introduced in the previous budget. Professor Peter Quartey believes some of the taxes introduced did not live up to expectations with respect to…
-
GAWU argues against increased funding of the PFJ policy in the 2022 budget
The General Agriculture Workers Union (GAWU) has called on government to desist from increasing its allocation for the Planting for food and jobs program in the upcoming 2022 budget statement and economic policy. The Planting for Food and Jobs policy, which has been in existence for over three years now, aims at boosting local production…
-
Use 2022 budget to reduce revenue and expenditure gap – Government urged
Government has been urged to use the 2022 budget statement and economic policy to reduce the gap between revenue and expenditure. The 2021 budget had a total revenue target of GH¢ 72.45 billion, while expenditure was set at GH¢ 113.75 billion, bringing the overall balance to GH¢ 41.298 billion. According to the 2021 mid-year budget…