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Friday 29 March 2024

2021-04-07

[N] As Majority Leader be circumspect with your utterances

2021-03-19

[I] Goldman Sachs staff revolt at ‘98-hour week’
[I] Over half of staff go back to workplace
[I] Health chiefs confirm Oxford-AstraZeneca Covid jab safe to use
[S] Kotoko Signs Second Brazalian Player
[N] It Is A Blatant Lie That I’ve Declared My Prez Ambition-Agric Minister
[S] Accra Mayor to change face of sports in Greater Accra
[S] Ambassador Lutterodt charges GOC prez to tackle Martha Bissah issue
[S] Ben Nunoo-Mensah hits ground running for GOC
[S] Black Stars to Engage Uzbekistan In International Friendly
[N] House of Chiefs calls for collaboration with MMDCEs for development
[N] Baby Harvesting: More suspects picked
[N] Police pledge commitment to bringing Sheikh Maikano’s murderers to book
[B] ARB Apex Bank admitted to Ghana-Sweden Chamber of Commerce
[N] Desist from starting race ahead of time - Obiri Boahen to NPP presidential
[N] Gov’t announces construction of five interchanges in Ashanti
[N] Controversial textbooks: NPP urges NaCCA to enforce rules without fear or favour
[N] Staff working on Tamale interchange call off strike
[N] Newly proposed taxes a huge hindrance to businesses’ recovery
[N] Government can’t take a unilateral decision on salaries for public workers
[N] Ghana records 2 new Covid-19 variants; experts call for immediate action

2021-03-17

[S] First GFA safety and security seminar takes place today
[B] NDPC holds consultation medium term framework for 2022-2025 in Oti
[B] More investments recorded in Western Region despite COVID-19
[N] Ghana records 698 COVID-19 deaths
[N] NDC’s Ofosu Ampofo behaves like a toddler – Allotey Jacobs
[S] Don’t tax sports betting, ban it – Ato Forson to government
[N] Ama Benyiwaa Doe slams Allotey Jacobs; says he has no influence
[N] Approving Akufo-Addo’s ministers ‘regrettable and unfortunate’ – NDC caucus
[S] Don't rush Satellites players, warns GFA coaching boss
[N] Eastern Regional Hospital detains 246 patients for non-settlement of bills
[N] COVID-19 vaccination in Ghana: 1,000 reports received on adverse effects
[N] Ignore reports of rift between local, foreign staff at AfCFTA secretariat – Govt
[N] Remain calm, support our leadership in Parliament – NDC Council of Elders
[N] Ghana hasn’t recorded any case of blood clots from COVID-19 vaccination – FDA
[N] 9-year-old boy burnt to death as stepfather sets house ablaze
[B] Budget cuts for legislature, judiciary won’t be entertained – Speaker
[I] Half of UK managers back mandatory Covid vaccines for office work
[I] Brussels to propose Covid certificate to allow EU-wide travel

2021-03-16

[I] Nick Candy leads £1m drive to oust London mayor Sadiq Khan
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Business

[ 2016-08-23 ]

We’ve taxed Ghanaians too unduly – Terkper
The Minister of Finance, Seth Terkper, has
admitted the undue taxation of Ghanaians when the
government could have ensured that State Owned
Enterprises and development projects were well
managed to be able to pay for loans taken.

According to the Minister, “We have fallen into
some bad habit of doing commercial projects and
then asking the taxpayer to pay for it.”

Mr Terkper, who was speaking during a press
briefing session in Accra yesterday, indicated
that the government had made some corrections to
its debt management strategies and had initiated a
policy that would ensure that “if we borrow for
commercial developments, the projects should pay
for the loan.”

“It shouldn’t be the taxpayer and so today we
have the developments at the airport on
self-financ­ing basis; we’ve put the expansion
taking place at Takoradi on self-financing basis;
the Tamale Airport is on self-financing basis,”
the Finance Minister noted.

Responding to queries about the status of the Tema
Oil Refinery (TOR) debt and whether the government
had stopped paying the debt, the Minister was
unable to readily provide the level of debt except
to say that the debt was ring-fenced.

“What we need to do is to get the right policy
in place to help our SOEs not to fall into debt
and then we fall on the taxpayer,” he said.

He attributed the existence of the TOR and VRA
debts to give­ornaments inability to pay
subsidies.

“The subsidies which we couldn’t pay, we are
paying now after years of accumulation in the form
of taxes and levies,” he admitted.

To take the burden of government, a major
structuring of State Owned Enterprises (SOEs) is
underway.

The only government entities that are allowed to
make profits are the SOEs. They must come back to
trimming their costs and making profits and to the
extent that government is part of their dilemma in
terms of subsidies and arrears, we must also make
that correction so we can have a sound economy.

Source - The Finder



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