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E-levy Already Having Positive Impact On Debt To GDP Rate – Dormaa East MP

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E-levy Already Having Positive Impact On Debt To GDP Rate – Dormaa East MP

The Member of Parliament for Dormaa East, Paul Apreku Twum-Barimah, has rubbished former President John Mahama’s promise to scrap the Electronic Transfer Levy (E-levy) if elected as President.

At the National Democratic Congress’ ‘Ghana at a crossroads’ event held in Accra last week, John Mahama promised to stop Ghanaians from paying the controversial E-levy if his party wins power in 2025.

“A new National Democratic Congress government, God willing, and with the votes of the sovereign people of Ghana in 2025, will repeal the E-levy Act,” said the former President.

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Already, the New Patriotic Party has described the promise as a scam.

Also speaking on the matter, the Dormaa East legislator, who’s a member of the NPP, argues that the NDC has no track record of keeping such promises.

“You remember when these NDC guys promised a one-time premium for the National Health Insurance Scheme under the late President Mills when Mahama was his running mate and later Vice President.? What happened to it? Do you remember they said Free SHS was not feasible and later came back to claim it when it was successfully implemented by the Akufo-Addo-led NPP government.? So NDC and John Mahama cannot be taken seriously based on their negative records,” he said

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He further warned that a future NDC government will rather increase the rate of the levy to impose harsher economic conditions on Ghanaians.

“They will come and increase the e-levy rate from 1.5 percent to 2 percent and more if we don’t take care and mistakenly give them power,” he said.

He was quick to add that the gains from the levy are already manifesting.

“It has even caused the debt to GDP rate to reduce by some margins; a positive omen for the country which is also helping to boost investor confidence”

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Source:  www.GhanaCNN.com

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Electoral Commission of Ghana Cancels 17 Political Party Certificates -Checklist

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Electoral Commission of Ghana Cancels 17 Political Party Certificates.

The Electoral Commission of Ghana has cancelled the certificates of 17 political parties who have no regional and national presence and, therefore, are flouting the laws.

The EC in October gave the parties to the end of that month to prove why their registrations should not be cancelled under the Political Parties Act of 2000, Act 574.

After the expiration of the deadline a notice signed and issued by the Chairperson of the EC, Jean Mensa and published today, November 14, 2022, stated “Pursuant to the publication by the Electoral Commission dated 13th & 17th October 2022, the General Public is hereby informed that the Registration Certificates of the under-listed Political Parties have been cancelled in accordance with Section 15 (3) (c) of the Political Parties Law, 2000 (Act 574) effective the 1st day of November, 2022.”

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Below are the parties:

Democratic People’s Party (DPP) United Front Party (UFP) United Development System Party (UDSP) Every Ghanaian Living Everywhere (EGLE) Yes People’s Party (YPP) United Ghana Movement (UGM) Democratic Freedom Party (DFP) New Vision Party (NVP) Ghana Democratic Republican Party (GDRP) Ghana National Party (GNP) Power Unity Party (PUP) United Progressive Party (UPP) Reform Patriotic Democrats (RPD) People’s Action Party (PAP) United Renaissance Party (URP) National Reform Party (NRP) United Love Party (ULP).

READ ALSO  Reduce E-levy To 0.1% - Dr. Ashigbey To Government

Source: www.GhanaCNN.con

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Bawumia Launches Employable Skills Programme To Benefit Young People In Ahafo  

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Bawumia Launches Employable Skills Programme To Benefit Young People In Ahafo

The Vice President, Dr. Mahamudu Bawumia on Wednesday launched a youth development employable skills programme that seeks to create jobs for more than 1,200 young people in the Ahafo Region.

Dubbed “Promoting Youth Employment through Employable Skills Training and Entrepreneurship”, the Newmont Ghana Gold Limited (NGGL) and the German Development Cooperation (GIZ) are sponsoring the programme.

The beneficiaries would be engaged in welding and fabrication, barbering, fashion design, hair dressing and dressmaking, bakery, masonry, wood technology, vulcanizing, general spraying and auto mechanics.

Speaking at the ceremony held at Goaso, the Ahafo Regional capital, Dr. Bawumia said about 72 per cent of the nation’s population were young people below 35 years, and thus commended the Ahafo Regional Coordinating Council for the initiative.

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The Vice President noted “this is the first regional-led youth employment and skills training initiative in the country” and promised the government’s support for the programme to yield positive outcomes.

Dr. Bawumia, therefore, stressed the government’s commitment to transform Technical and Vocational Education Training (TVET) to make the sector more attractive for the youth.

Mr George Yaw Boakye, the Ahafo Regional Minister, said the programme’s implementation would well position the beneficiaries to create jobs for themselves to reduce youth unemployment in the region.

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“This would also economically empower young people and help to end the issues of illegal mining and logging in the region,” he added.

Mr Boakye said the Management of NGGL had set aside GhC1 million for the procurement of training equipment and start up tools, and applauded the company for that assistance.

He said an amount of GhC25,000 has been set aside for each of the six politically-administrative districts and municipalities for the implementation of the programme.

READ ALSO  Reduce E-levy To 0.1% - Dr. Ashigbey To Government

Nana Kwasi Bosompra I, the Paramount Chief of Goaso Traditional Area, advised the youth to develop interest in employable skill training and avail themselves to benefit from the programme.

Source: www.GhanaCNN.com

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2023 Budget: Minority Vows to Resist 2.5% Increment In VAT

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2023 Budget: Minority Vows to Resist 2.5% Increment In VAT

The Minority in Parliament has vowed to resist any attempt by the government to revise the rate of Value Added Tax (VAT) upwards in the 2023 budget.

Government has given an indication VAT rate will be increased from the current 17.5% to 20%.

Speaking to the media in parliament, MP for Asuogyaman, Thomas Ampem Nyarko argued such a move will further exacerbate the current hardship in the country.

The NDC MPs rather want the government to cut down expenditure especially from the presidency vault.

“In fact the information we are picking up doesn’t look good for our dear country. The budget that is due to be read tomorrow promises to be a budget full of taxes. What we are hearing is that this government intends to increase VAT by 2.8 percent. They intend to increase income taxes and they intend to remove a lot of exemptions to Mobile Money (MoMo). So even merchants are going to be subjected to taxes.

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“We have known this government to be insensitive but we never knew that their level of insensitivity would be this high. Because in this time of serious hardship in this country with inflation so high none of us expected that they would be increasing taxes to this level,” the Member of the Finance Committee stated.

He continued: “Our (Minority) posture is that we are willing to support the government in these difficult times. Because they need help if we don’t help this economy will crash. However, the government must come clear to show they are going to reduce expenditure drastically.”

READ ALSO  Reduce E-levy To 0.1% - Dr. Ashigbey To Government

The Vice Chairman for the Finance Committee, Patrick Yaw Boamah on his part expects that the budget will address the debts unsustainability challenge and offer hope to Ghanaians.

“I pray that the Minister presents a good budget to give Ghanaians the hope for debt sustainability, to ease the economic hardship. To bring a program in collaboration with the Central Bank towards the standardization of our currency.

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“Ghanaians need hope from the budget, that is all what Ghanaians need,” the Member of Parliament for Okaikoi Central reiterated.

Source: www.GhanaCNN.com

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