The Minister for Finance, Mr Seth Terpker, has revealed that government will implement the progressively free Secondary Education beginning of 2015. According to him, an agreed roadmap beginning with day students has been adequately catered for in the 2015 budget to begin implementation of the programme.
Ghana’s public debt stock as a percentage of GDP as of September, 18 2014 stood at 60.8 per cent, largely on account of increase in external net disbursements for infrastructure projects and net domestic
issuance, as well as the depreciation of the cedi.
Theme of the 2015 Budget: "Transformational Agenda: Securing the Bright Medium Term Prospects of the Economy". The transformational agenda is premised on Inclusive Growth, Value Addition and Diversification.
RESIDENTS of the mining communities have been asked to demand accountability from their respective assemblies by finding out what the royalties derived from mining companies are used for. The Chief Director of the Ministry of Finance, Major Samuel Mohammed Tara (rtd) who posed the challenge in Accra yesterday, said it had become evident that most mining communities suffered worst conditions in spite of their rich mineral resources.
The Ministry of Finance in collaboration with Ghana Community Network Services Limited (GCNET) has launched the Ghana Revenue Authority (GRA) Taxpayer Portal, to offer best services through the e-government platform in tax collection system. The platform spearheaded by the GRA is geared towards modernisation and automation of business processes to broaden the tax base by gathering the needed data to ensure transparency and efficiency as well as increase compliance.
Government has received a cheque for GHC3.7million from Ghacem Limited representing an interim dividend payment for this year. The dividend, which was declared at a meeting of the board of directors, represents government’s 400,000 shares in the company.
Mr. Morten Gade, Managing Director (M.D) of Ghacem presented the cheque for the amount to Mrs. Mona Helen Quartey, Deputy Minister of Finance at a short ceremony at the Finance Ministry. He was accompanied by Dr. George Dawson Ahmoah, Strategy and Corporate Affairs Director.
The Government of Ghana and People’s Republic of China have signed an Aid agreement of 5 Million Yuan Renminbi (RMB), in aid materials for the fight against Ebola. H. E. Sun Baohong, China Ambassador to Ghana initialed on behalf of China and Hon. Cassiel Ato Forson, MP, Deputy Minister of Finance, initialed on behalf of the Government of Ghana.
Welcoming the delegation, the Deputy Minister for Finance, Hon. Cassiel Ato Forson thanked the People’s Republic of China for their immense support and the lead role taken to assist Ghana and Africa as a whole, towards the fight against Ebola. He commended them for their countless technical and material support already extended to Liberia, Sierra Leone and Guinea.
The Secondary Education Improvement Project is financed with a credit of US$156.0 million from the World Bank. It has the objectives of increasing access to senior secondary education in underserved districts and improving quality in low-performing senior high schools in Ghana. Specifically, the project seeks to: increase equitable access and participation in education at all levels; improve the quality of teaching and learning; bridge the gender gap; improve access to quality education for persons with disability; and improve the management of education service delivery.
The significance of this credit in improving access and quality of secondary education in the country cannot be over emphasized and we are thankful to the World Bank for the prompt response to H.E. The President’s request to process this facility expeditiously. In view of this the new loans that we are contracting currently have all been pre-programmed and their impact on our Debt Sustainability Analysis properly assessed. Emphasis is also being placed on economic and social projects that have significant short to long term impact on the economy.