Author: newsfilegh

The controversial Luxury Vehicles Levy introduced in 2018 has been withdrawn by government, Finance Minister Ken Ofori-Atta has announced. The tax that was intended to raise revenue faced intense opposition from vehicle owners leading to a number of protests. The implementation took effect barely a year ago on August 1, 2018 after it was passed by Parliament. The annual levy was on vehicles with high engine capacities of two thousand, nine hundred and fifty (2950) Cubic Centimeters and more. Administrator of the Vehicle Asset Dealers Association of Ghana (VADAG), Mr. Abdul Saed told journalists in June, “The Finance Minister is…

Parliament has deferred a vote on whether to amend a provision of the country’s 1992 constitution to make the position of Metropolitan, Municipal and District Chief Executives (MMDCEs) an electable one. A motion seeking to amend Article 243(1) of the constitution to provide for MMDCEs to be elected by universal adult suffrage within a district was on Monday, July 29 moved in parliament by the Minister of Justice and Attorney General. Article 243 (1) mandates the President to appoint MMDCEs who shall be approved by not less than two-thirds majority of members of the assembly present and voting at the…

The government of Ghana says it anticipates massive dividends soon from its significant investment into the agriculture sector over the last three years. “We are anticipating a modernized agricultural sector generally, but we also expect abundance of food, improved livelihood for our farmers and fisher-folks, provision of adequate infrastructure to facilitate transportation of agricultural produce, storage, processing and a reduction of importations to a significant level”, Chief Executive Officer of state-owned National Food Buffer Stock Company (NAFCO), Mr. Hanan Abdul-Wahab has said. He was addressing the Africa –China Business Dialogue in Shanghai, China over the weekend. This year’s Dialogue, the…

The government of Ghana says it anticipates massive dividends soon from its significant investment into the agriculture sector over the last three years. “We are anticipating a modernized agricultural sector generally, but we also expect abundance of food, improved livelihood for our farmers and fisher-folks, provision of adequate infrastructure to facilitate transportation of agricultural produce, storage, processing and a reduction of importations to a significant level”, Chief Executive Officer of state-owned National Food Buffer Stock Company (NAFCO), Mr. Hanan Abdul-Wahab has said. He was addressing the Africa –China Business Dialogue in Shanghai, China over the weekend. This year’s Dialogue, the…

Government is requesting for additional 6.3 billion cedis to support its 2019 budget, the parliamentary order paper for Monday’s proceedings has revealed. Finance Minister Ken Ofori Atta is expected to justify why government should be given the additional funds to spend for the rest of the year when he appears before parliament to present the 2019 mid-year review budget in few minutes. Parliament in December last year approved 78, 771, 833,602 billion cedis to be expended by government for the 2019 financial year. After six months of implementation of the 2019 budget, the government says it will need more than…

Government is requesting for additional 6.3 billion cedis to support its 2019 budget, the parliamentary order paper for Monday’s proceedings has revealed. Finance Minister Ken Ofori Atta is expected to justify why government should be given the additional funds to spend for the rest of the year when he appears before parliament to present the 2019 mid-year review budget in few minutes. Parliament in December last year approved 78, 771, 833,602 billion cedis to be expended by government for the 2019 financial year. After six months of implementation of the 2019 budget, the government says it will need more than…

The state of  the financial sector after the clean-up exercise, the growing debt stock of the country as well as issues affecting the energy sector are expected to headline the 2019 mid-year budget review. The Finance Minister, Ken Ofori-Atta will later today, Monday July 2019, present the mid-year budget review and supplementary estimates in Parliament in accordance with Section (28) of the Public Financial Management Act, 2016 (Act 921). Expectations from the Ghanaian populace are already high following the postponement of the programme twice. But a statement from the Finance Ministry indicated the priority areas of the budget. “This year’s…

The state of  the financial sector after the clean-up exercise, the growing debt stock of the country as well as issues affecting the energy sector are expected to headline the 2019 mid-year budget review. The Finance Minister, Ken Ofori-Atta will later today, Monday July 2019, present the mid-year budget review and supplementary estimates in Parliament in accordance with Section (28) of the Public Financial Management Act, 2016 (Act 921). Expectations from the Ghanaian populace are already high following the postponement of the programme twice. But a statement from the Finance Ministry indicated the priority areas of the budget. “This year’s…

President of the Association of Informal Sector Workers and Makola Market Women, Julian Brown Afari, has raised concerns about the exclusion of the informal sector in the midyear budget review process. The Minister of Finance, Ken Ofori Atta, is expected to read the midyear budget review in parliament on 29th July, 2019. Speaking in an interview with Johnnie Hughes on TV3 New Day, Monday, Mrs Afari said, “Because they [assume] in the informal sector our educational background is low; so whenever things like [Budget review] are going to happen we should have a little education about it.” She also wants…

President of the Association of Informal Sector Workers and Makola Market Women, Julian Brown Afari, has raised concerns about the exclusion of the informal sector in the midyear budget review process. The Minister of Finance, Ken Ofori Atta, is expected to read the midyear budget review in parliament on 29th July, 2019. Speaking in an interview with Johnnie Hughes on TV3 New Day, Monday, Mrs Afari said, “Because they [assume] in the informal sector our educational background is low; so whenever things like [Budget review] are going to happen we should have a little education about it.” She also wants…