Tag: Parliament
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Aggrieved Menzgold customers demand action from Parliament
The Coalition of Aggrieved Customers of Menzgold (CACM) has urged the Speaker of Parliament to admit, move, and deliberate the motion filed on their behalf before the next mid-year budget is presented on July 27, 2023. The coalition said that members of Parliament have not been able to bring the issue to the fore and…
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Five financial bills to be laid before Parliament as MPs return today
The Revenue Administration Regulations, 2023, along with several other financial bills are to be laid before Parliament as the House reconvenes today, Tuesday, June 6. The other Bills are the Customs (Amendment) Act, Income Tax (Amendment) Regulations, VAT (Amendment) Regulations, and the Insurance Regulations, 2023. These were revealed by the Member of Parliament for Nsawam…
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Parliament approves $200m loan facility from World Bank
Parliament has approved a loan agreement between the government and the World Bank for an amount of $200 million to finance the Ghana Digital Acceleration Project. The House also approved an amount of $150 million dollars for the financing of the West Africa Food System Resilience Programme phase 2 under the Multi-phase programmatic approach. It…
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Parliament passes three new taxes
Parliament has passed the Excise Duty Amendment Bill 2022, the Growth and Sustainability Levy Bill, 2022, the Ghana Revenue Authority Bill 2022 and the Income Tax Amendment Bill 2022. The financial bills presented to Parliament by the government seeks to rake in about 4 billion Ghana Cedis annually as part of domestic revenue mobilisation. The…
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Ghana imported GH¢6.9 billion worth of rice from 2017 to 2020 – Alan Kyerematen
Minister for Trade and Industry, Alan Kwadwo Kyerematen has revealed that an amount of GHC 6.874 billion was spent on the importation of rice from 2017 to 2020. This comes on the back of consistent calls for the ramping of the production and consumption of local rice in Ghana. Rice is the second most important…
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Ministry of Finance denies dropping GH¢2.4 million e-levy service charge
The Ministry of Finance has dismissed allegations that the GH¢241,933,000 allocations in the Appropriations Bill for the Electronic Transactions Levy services have been dropped. It also denied claims that a private firm will be contracted to collect the levy on behalf of the government. The ministry also noted that the Ghana Revenue Authority (GRA) is…
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CSOs petition Parliament over GNPC’s move to acquire stakes in Aker Energy, AGM Petroleum
A group of civil society organisations working in the extractive industry are calling on Parliament to reconsider the planned acquisition of stakes in Aker Energy and AGM Petroleum Ghana oil blocks by the Ghana National Petroleum Corporation (GNPC). The group made up of 15 civil society groups, said the possible merits of the deal “cannot…
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Parliament must probe ‘unusual’ high cost of building materials – Kwaku Kwarteng
A former Deputy Finance Minister, Kwaku Kwarteng has charged Parliament to look into the reasons behind the recent hikes in the prices of building materials such as sand, stones, cement, iron rods and the likes. Some building contractors in the past few months have been lamenting the continuous toll the price hikes on building materials,…
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Banking sector cleanup: Allow the law to take its course – BoG Governor urges Parliament
The Governor of the Bank of Ghana, Dr. Ernest Addison, has asked Parliament to allow the law to take its course in the ongoing legal tussle regarding the revocation of licences of some financial institutions in the country. While the government has issued criminal proceedings against some shareholders of financial institutions whose licences were revoked,…
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Tuna Association petitions Speaker of Parliament over Hawa Koomson
The Ghana Tuna Association has petitioned the Speaker of Parliament over the poor performance of the nominee to head the Fisheries and Aquaculture Development Ministry, Mavis Hawa Koomson. The association feels the nominee is not capable of running the Fisheries and Aquaculture Development Ministry. It highlighted some sector concerns in the petition like the collapsing…