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
-
Chamber of Aquaculture Ghana calls for strong public-private partnerships to unlock finance and transform the sector
36 minutes -
Lions celebrate International Volunteer Day with over decades of service and impact
41 minutes -
3 dead, dozens injured in Mampong Abuontem head-on collision
50 minutes -
MoFFA shuts down several Eastern Region mortuaries over poor sanitation, non-compliance
51 minutes -
Domestic violence case: John Odartey Lamptey remanded over alleged brutal assault on wife
1 hour -
Minority urges government to tackle smuggling and protect local farmers
1 hour -
Ashanti regional minister drags Democracy Hub member to court over alleged galamsey remarks
1 hour -
Mineral royalties surge across all sub-sectors in 2025; record strong gains in gold, manganese
1 hour -
Police arrest five suspects behind robberies in Sefwi Bekwai
1 hour -
Ghana’s economy to expand marginally to 5.9% in 2026 – Fitch Solutions
1 hour -
Newage Agric Solutions donates rice, soybean oil and cash to MoFA for farmers’ day
1 hour -
Analysis: After allocating over ₵1bn, parliament now turns on the OSP
2 hours -
OSP’s failure to stop Ofori-Atta is an irrecoverable mistake – Kpebu
2 hours -
UPSA confers posthumous honorary doctorate on former first lady Nana Konadu Agyeman-Rawlings
2 hours -
Martin Kpebu says he has not been formally charged by OSP
2 hours
