Audio By Carbonatix
The Finance Minister, Ken Ofori-Atta, has disclosed that public tertiary institutions in the country will be weaned-off government's payroll.
According to the Minister, this forms part of government's medium-term measures to address the challenges confronting the economy.
He noted that the institutions would rather be provided with a fixed amount "block grant."
The Finance Minister, however, did not give details of this policy. A block grant is an annual sum of money allocated by central government to a state agency to help fund a specific project or programme.
Mr. Ofori-Atta made this known on Thursday while addressing the press on government's efforts to revive the economy.
The sector Minister added that other measures to be implemented in the medium term include, "reforms to address structural challenges in public financial management, including procurement and commitment control, payroll management and human resource management."
To ensure enough revenue is generated, the Finance Minister revealed that by the end of April, government will commence the implementation and collection of the revised Property Rate and implement the E-VAT/E-Commerce/E-Gaming initiatives.
Government will also roll out the simplified tax filing mobile application for all eligible taxpayers by July.
The other measures listed by the Finance Minister are to; "impress upon Parliament to fast track the passage of the E-Levy Bill, Tax Exemptions Bill, and Fees and Charges Bill; prioritise the Revenue Assurance, Compliance, and Enforcement (RACE) Programme to plug revenue leakages especially at the ports and the infamous fuel bunkering and small scale mining exporters cabal."
Mr. Ofori-Atta added that government will partner the private sector to introduce digital systems to monitor quarrying, sand winning and salt winning to get more revenues from our natural resources; and immediately enforce the “No Duty – No Exit” policy at the MPS Terminal at the Tema Port to improve revenue collection.
Latest Stories
-
Final day of Joy FM Back-to-School Fair: Come shop, save and prepare for the new school year
15 minutes -
GSE showed strong performance in August 2026 despite recording more stock losses
2 hours -
If CJ needs ethics law to know SOE comments were wrong, he may not be worthy of office – Arthur Kennedy
3 hours -
Stop touring state agencies and focus on the Judiciary’s problems – Arthur Kennedy to CJ
3 hours -
Apologise and don’t do it again – Arthur Kennedy to Chief Justice over SOE comments
3 hours -
Chief Justice remains committed to judicial independence, justice and equality – Judicial Service
4 hours -
Ghana concludes evacuation of citizens from South Africa; total returnees reach 1,900 – Ablakwa
4 hours -
Africa must define its own green transition path – Prof Fatima Denton
5 hours -
WASSCE 2026: English Language performance falls to 62.4% – WAEC
5 hours -
WASSCE 2026: Social Studies records sharp rebound as Maths, Science also improve
5 hours -
2026 WASSCE entry rises by 11% as 512,862 candidates sit exams
5 hours -
WASSCE 2026: English Language performance falls to 62.4% – WAEC
6 hours -
WAEC cancels 2026 WASSCE results of 8,295 candidates over examination irregularities
6 hours -
WAEC releases provisional 2026 WASSCE results for 512,862 candidates
6 hours -
CJ’s remarks on SOEs were made in good faith, not to undermine judicial independence – Judicial Service
9 hours