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
-
Uganda’s president heads for victory as his main rival cries foul
31 minutes -
Lt Col Dela Galley makes history as first female commander of Ghana Military Police
45 minutes -
Nollywood special effects artist, James Akaie dies on set following gas explosion
1 hour -
27-year-old sentenced to seven years for pouring acid on former student
2 hours -
Ghana’s US envoy links job creation to ending youth deportations
2 hours -
Blair and Rubio among names on Gaza ‘Board of Peace’
3 hours -
Minister calls for inter-ministerial force to fix Accra’s rush-hour transit crises
3 hours -
Sarkodie’s Rapperholic UK edition sells out Royal Albert Hall
4 hours -
Academic exodus: Ghanaian PhD students in UK forced to withdraw as Scholarship Secretariat fails to pay fees
4 hours -
Antoine Semenyo’s £65m Manchester City switch sparks discussions in UK Parliament
5 hours -
Transport crises, Prof. Frimpong-Boateng v NPP and LGBTQI issues take centre stage on Joy Prime’s ‘Prime Insight’
6 hours -
Ghana Navy busts major fuel smuggling syndicate along Volta coast
6 hours -
Karaga MP donates 4,000 gallons of fuel to boost livelihoods in New Year outreach
7 hours -
GIPC CEO engages European Parliament delegation on Ghana’s investment reforms
7 hours -
Oppong Nkrumah, 5 others didn’t accept campaign support from Bryan Acheampong – Pius Hadzide backtracks
8 hours
