Tag: Dr. Mark Assibey Yeboah
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Govt to raise GH¢300m from tax on luxury vehicles
The government is to rake in at least 300 million cedis in revenue from taxes on luxury vehicles by the end of this year. The tax, which forms part of the new policy measures introduced in the midyear budget review, is to help bridge the gap in revenue for the first half of the year…
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IMF team visits Ghana; rising debt high on agenda
The government is confident that the IMF should be satisfied with efforts to reduce the country’s rising debts even as the Fund’s team makes a visit to Ghana. The optimism follows a visit by an IMF team to Ghana as part of monitoring activities under the program. The latest review of Ghana’s performance under the…
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Debt Audit Commission will only deepen bureaucracies – Govt
Government has described as a duplication of functions suggestions for the creation of a Debt Audit Commission to regulate the country’s borrowings and reduce its debt burden. Chairman of Parliament’s Finance Committee, Dr. Mark AssibeyYeboah explains that yielding to such requests will rather complicate the current issue as there already are institutions which have oversight…
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IMF assesses Ghana ahead of $236m disbursement
The International Monetary Fund (IMF) is expected to disburse at least two hundred and thirty-six million dollars ($236,000,000) of the Fund’s extended credit support to Ghana. The cash is expected to hit the government of Ghana’s accounts within the next few months. This is however subject to Ghana’s ability to meet key targets set under…
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New law to track VAT electronically in the offing
Parliament will soon pass a law that will track all VAT issued at various retail centers across the country. The Fiscal Electronic Device Bill is expected to connect all Point of Sale (PoS) devices with the Ghana Revenue Authority (GRA)’s systems. The move is to ensure that VAT issuing companies do not under declare their…
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Sustain ties with IMF after December 2018 – IFS to gov’t
The Institute of Fiscal Studies (IFS) has impressed on the NPP not to completely cut ties with the International Monetary Fund (IMF) even after completing the three year program in 2018. The IFS explains that the government’s plans to exit the program after 2018 may be necessary only if it is able to meet set…