Government is planning to establish what it terms Fiscal Stability and Financial Stability Council to enhance macro stability to strengthen the recently passed Public Financial Management Act. Vice President Dr Mahamudu Bawumia, who made the disclosure yesterday, said “in this next quarter, we are going to be sending certain amendments for the Public Financial Management … Read more
Experts have bemoaned the alarming rate of “unplanned spending” on the part of government, arguing the trend is contributing immensely to “fiscal indiscipline.” Speaking at a national dialogue on sustainable funding of the “Free SHS” policy in Accra, Mr. Samuel Bekoe of the Ghana Oil and Gas for Inclusive Growth (GOGIG) cautioned government to pull … Read more
Hon. Speaker, Honourable Members of Parliament, on the authority of President Nana Addo Dankwa Akufo-Addo, I beg to move that this Honourable House approves the Financial Policy of the Government of Ghana for the year ending 31st December 2017. On the authority of the President, and in accordance with Article 179 of the 1992 Constitution, … Read more
1. Your Party’s Manifesto Pledge: Corporate taxes shall be reduced from 25% to 20% in an NPP administration. Capital equipment will be tax free. VAT on imported medicines not produced in Ghana to be abolished. VAT on domestic airline tickets to be abolished. VAT on SMEs to come down from 17.5% to 3%. QUESTIONS: (i) … Read more
The Africa Centre for Energy Policy (ACEP) has admonished the Akufo-Addo-led government to prioritise solutions for problems in the energy sector, which has the potential of damaging its developmental plans. “The challenges of the energy sector are many, with alarming signals that could derail the national economy into distress for a very long time,” Deputy … Read more
Ghana’s ability to maintain its recent progress on fiscal consolidation will be an important factor in sovereign ratings assessment following last week’s elections, says Fitch Ratings. “Failure to narrow the budget deficit and stabilise government debt/GDP would be negative for Ghana’s credit profile,” said the international credit rating agency in a statement issued in London … Read more
Pledge: Corporate taxes shall be reduced from 25% to 20% in an NPP administration. Capital equipment will be tax-free. VAT on imported medicines not produced in Ghana to be abolished. VAT on domestic airline tickets to be abolished. VAT on SMEs to come down from 17.5% to 3%. Comment: The data generally show that lower … Read more
The flag bearer of the New Patriotic Party (NPP), Nana Addo Dankwa Akufo-Addo, yesterday presented his vision to restore hope, dignity and prosperity to the people of Ghana, saying it was a solemn pledge that would be honoured at all cost. According to him, it had become clear that Ghanaians had become despondent because President … Read more
The New Patriotic Party (NPP) has launched its 2016 Manifesto focused on reviving Ghana’s economy through the implementation of several social and economic interventions. Below are some highlights of the NPP’s manifesto as read by its running mate, Dr Mahamudu Bawumia. NPP will broaden the tax base with the formalisation of the economy NPP will … Read more
The New patriotic Party is promising to set up a financial stability Council that will address fiscal responsibility in the economy. This it explains will be streamlined in the fiscal space with a fiscal responsibility law that will guide prudent management of the economy. This was unveiled by the running mate, Dr. Bawumia at the … Read more
On 8th September, 2016, Dr. Bawumia, the NPP’s running mate in the upcoming 2016 presidential elections delivered a seminal speech in Accra. The speech followed a pattern Dr. Bawumia has become notable for: a masterful blend of solid policy and hardcore politics that is often difficult to untangle by objective Ghanaians seeking to rely on … Read more
On 8th September, 2016, Dr. Bawumia, the NPP’s running mate in the upcoming 2016 presidential elections delivered a seminal speech in Accra. The speech followed a pattern Dr. Bawumia has become notable for: a masterful blend of solid policy and hardcore politics that is often difficult to untangle by objective Ghanaians seeking to rely on … Read more
Policy think tank IMANI Africa has scrutinised Dr. Mahamudu Bawumia’s assessment of Ghana’s economy and has concluded that some “facts and data used were unfairly manipulated” for political gains. IMANI served notice its brief on the lecture was not meant to sully the image of the New Patriotic Party (NPP), but to set the records … Read more
Dr Mahamudu Bawumia’s claim that the governing National Democratic Congress (NDC) has since 2009 amassed and spent 12 times the nominal resources that the NPP had over its eight years of leadership is “cleverly exaggerated”, policy think tank IMANI has said in its commentary on the opposition New Patriotic Party’s vice presidential nominee’s lecture he … Read more