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
-
BoG set to exit gold trading business, describes IMF’s losses tag as premature
17 minutes -
Minerals Commission Board member warns Blue Water Guards against bribes
18 minutes -
Santasi–Ahodwo dualisation takes off; businesses given final eviction deadline
20 minutes -
Proposed 5-year presidential term will not apply to Mahama – Prof Prempeh
25 minutes -
Key observations on the Constitutional Review Commission Report submitted to President Mahama
29 minutes -
Video: JoyNews engages Prof Kwasi H. Prempeh on proposed constitutional reforms
33 minutes -
Awaso STEM SHS matron, cook remanded for allegedly stealing food items
36 minutes -
Deputy Finance Minister hails ADB’s remarkable turnaround, record growth and rising confidence
1 hour -
Why 5-year presidency may end 8-year tradition – H. Kwasi Prempeh explains
1 hour -
Ashanti Regional Council of Elders commends NPP minority caucus for parliamentary resilience
1 hour -
ECOWAS admits Burkina Faso, Mali and Niger as non-ECOWAS members of GIABA
1 hour -
Road Safety Authority urges road users to avoid alcohol and drugs during yuletide
2 hours -
Sekondi-Takoradi is the Christmas city of Ghana—Takoradi MP
2 hours -
Christmas celebration: Expose wrongs, embrace lawful initiatives—Clergy urge Ghanaians
2 hours -
No automatic second term – H. Kwasi Prempeh says 5 years will expose non-performers
2 hours
