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Saturday 27 April 2024

2021-03-19

[B] ARB Apex Bank admitted to Ghana-Sweden Chamber of Commerce

2021-03-17

[B] NDPC holds consultation medium term framework for 2022-2025 in Oti
[B] More investments recorded in Western Region despite COVID-19
[B] Budget cuts for legislature, judiciary won’t be entertained – Speaker

2021-03-16

[B] Pursue demands through negotiation, arbitration – Telcos told
[B] Don’t approve new fuel levies – COPEC to MPs
[B] There’s no justification for newly proposed petroleum taxes – Wereko-Brobby

2021-03-15

[B] Ghana prepares to issue $5 billion Eurobond
[B] There’ll be ‘bitter hardship’ for Ghanaians because of 2021 budget – Forson

2021-03-14

[B] 2021 budget designed to lift Ghana out of challenges imposed by COVID – Alan
[B] I’ll support Agyapa deal 2,000% – MP Egyapa Mercer
[B] Notorious Wa thieves transporting pregnant goats involved in accident
[B] Ghana risks losing €258m earmarked for the 2nd phase of Kejetia market
[B] FDA calls on media to help flush out unregistered products from market
[B] Govt provides Ghs 42.8 million in operations and payroll support to STC et al

2021-03-13

[B] Gov’t introduces 10pesewas ‘borla’ tax to clean Ghana
[B] NLA to bring back Live Draws for 5/90 Lotto
[B] Minister gives Kejetia traders final warning ahead of demolition
[B] Domelevo lands top international job after forced retirement
[B] Trotros and Taxis to enjoy free income tax, hotels and restaurants to get 30%

2021-03-12

[B] AfCFTA expected to significantly promote peace and security
[B] 2021 Budget will ensure recovery and macroeconomic stability
[B] We’ll soon provide food items to schools – Buffer Stock Company
[B] Osei Kyei-Mensah-Bonsu appointed ‘caretaker Finance Minister’
[B] 2021 Budget: Ghana Employers' Association expects pragmatic initiatives

2021-03-11

[B] Corruption is not fought alone or quietly – Domelevo
[B] Nana Addo’s anti-corruption credibility is in tatters – Gyimah-Boadi
[B] Agyapa deal should be considered dead on arrival in Parliament – John Jinapor

2021-03-10

[B] UMB Signs agreement with NARMG to provide special loans to midwives
[B] Ghana will experience economic rebound in 2021—President Akufo-Addo
[B] Price of iced sachet water now 30p
[B] All national ID numbers to become tax numbers from April - President Akufo-Addo
[B] Government will engage Parliament about Agyapa deal – Akufo-Addo

2021-03-09

[B] Stop 'examining' foodstuffs before buying them – market women to buyers
[B] Ghanaians to use COVID-19 Vaccination App to book appointment
[B] GRIDCo Explains Sunday's Nationwide Power Shutdown

2021-03-08

[B] Cement price goes up
[B] Village Savings and Loans scheme empowering rural women in Adansi north
[B] Technology is key to speeding up the global gender equality agenda- NBSSI Boss

2021-03-07

[B] Ghana for 3 years was described as one of fastest growing economies - Akufo-Addo
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Business

[ 2021-03-14 ]

2021 budget designed to lift Ghana out of challenges imposed by COVID – Alan
Trade Minister, Alan Kyerematen has said that the
2021 budget statement presented by Leader of
Government Business Osei Kyei Mensah Bonsu gives
clear strategy that is designed to lift this
nation out of the various challenges imposed on
Ghanaians by the COVID-19.

realityapp
In a brief statement Mr Kyerematen said
“Yesterday in Parliament, we witnessed the
presentation of a clear strategy that is designed
to lift this nation out of the various challenges
imposed on us by the COVID-19.



“The Akufo-Addo led Government in 2021 will
continue restoring economic fundamentals, building
industries and creating jobs to ensure
‘cash-for-the-people’ thereby improving the
livelihood of Ghanaians.

“Hon. Osei Kyei-Mensah-Bonsu did a good job
presenting the 2021 budget and economic statement
and deserves to be applauded.”

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The government is proposing in the 2021 budget
statement the introduction of a Covid-19 Health
Levy of a one percentage point increase in the
National Health Insurance Levy and a one
percentage point increase in the VAT Flat Rate to
support expenditures related to Covid-19.

Mr Kyei Mensah Bonsu said “To provide the
requisite resources to address these challenges
and fund these activities, government is proposing
the introduction of a Covid-19 Health Levy of a
one percentage point increase in the National
Health Insurance Levy and a one percentage point
increase in the VAT Flat Rate to support
expenditures related to Covid-19.”



Regarding other sectors of the economy, the budget
pegged Ghana’s fiscal deficit at 13.7 per cent
of Gross Domestic Product (GDP).

This deficit, according to the budget, include the
cost of the financial sector cleanup up.

“The fiscal deficit including the financial
sector cost for 2020 is 13 .7 per cent of GDP,”
the budget said adding that “it was financed
from both domestic and external sources.”

Regarding Ghana’s debt stock, the budget said
the debt rose from 122billion in 2019 to
291.6billion as at the end of December 2020.

Source - 3 News


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