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.
Why did the World Bank agree to lend money to Ghana for secondary education at this time of tight budget control? Ghana's Constitution mandates that all efforts are made to make education gradually universal and progressively free. With access to primary education becoming near universal in Ghana, new priorities are emerging at post-basic level where the demand for secondary education is fast increasing and the supply of SHS has not kept pace.
The Ministry of Finance wishes to remind the general public that all importers must use their Tax Identification Number (TIN) when clearing goods from the port and pay their withholding taxes if they are not exempted.
Parliament yesterday passed into law a bill to exert punitive measures on persons who manufacture excisable goods in the country without registering with the Ghana Revenue Authority (GRA). (June27, 2014)
Between May 2013 and May 2014, the country’s year-on-year Producer Price Inflation (PPI) increased by 33.1%, representing an increase in producer price inflation by 1.8 percentage points, relative to the 31.3% rate recorded in April 2014.
The Ministry of Finance has noted with concern a statement from the Ghana Bar Association, published in various media that the Ministry had not released subvention to the Judicial Service for about a year now leading to the suspension of services in some areas.
As part of government measures to sustain and unravel challenges facing the implementation of the Single Spine Salary Pay Salary (SSPP), government is implementing some administrative measures such as enforcement of the Net Recruitment of staff for MDAs and MMDA, with the exception of Education, Health sectors and the Security Services.
More than 800 members of staff of the Ghana Revenue Authority (GRA) will own houses before their retirement under a housing project launched in Accra, yesterday.
Under the project, workers of the GRA who own land in Prampram, Oyibi, Kasoa, Gomoa Nyanyano, Obakrowa and Adjin Kotoku will have houses built for them on the lands to be paid for in ten years with their contributions to be deducted at source.