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.
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