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Tension Brewing at Ghana Revenue Authority; Shocking Details Drop

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Tension Brewing at Ghana Revenue Authority; Shocking Details Drop

There is a simmering anger among staff of the Ghana Revenue Authority (GRA) especially at its head office, following the continuous stay in office by the Commissioner–General, Ammishaddai Owusu-Amoah and two other commissioners, after their term in office had allegedly elapsed.

The others are Col. Kwadwo Damoah (Rtd), a Commissioner in-charge of Customs Division and Ms. Julie Essiam, Commissioner responsible for Support Services Division at the GRA.

The Anchor newspaper has gathered that even though the three Commissioners’ respective terms-in-office had expired and there has not been any letter of extension of their appointment by the appointing authorities, they are still at post; allegedly signing letters and documents, with impunity.

They are said to be lobbying desperately, though, to get contract extension of their appointment, instead of honorably bowing out and allowing others to take over the management of affairs.

This development is said to be raising serious eyebrows among the workers, especially, within senior officers and to a large extent, affecting effective work delivery.

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The GRA boss himself, sources told this paper, has been maneuvering his ways and lobbying through the Finance Minister, Ken Ofori-Atta, to have his contract extended.

The three Commissioners, particularly, Ammishaddai Owusu-Amoah, have been accused of using their positions to victimize officers suspected not to be in their good books.

Ms. Essiam on the other hand, according to sources is expected to attain a mandatory retirement age of 60 years in July, and should have proceeded on her terminal leave by now at home and have good times with her grandchildren. However, she is still at post enjoying juicy allowances, whiles pushing for contract extension.

She is an accomplished Banking Executive with a professional passion for sustainable transformation and development work.

Prior to her appointment, Ms. Essiam was the Group Executive at the Ecobank Group with branches covering 40 countries across North America, Europe, Africa and other parts of the world.

She is the concept originator and the founder of Africans4Africa (A4A) initiation; a private sector-led development organization that calls for a collaborative effort across the leadership of Africa to contribute to the successful achievement of an impactful transformation of the continent towards a thriving and prosperous Africa.

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She was also the immediate-past Board Member of the Global fund and the President of the Private Sector delegation of the Global fund.

She was a member of Ecobank Group Executive Committee, and has been on the boards of Ecobank Zambia, the Ecobank Foundation and three board committees of the Ecobank Group-Finance and Audit, Risk and HR.

In the case of Col Damoah, sources say he has also been using his connections at the presidency to have few more years at post.

Though, The Anchor has learnt he has not been taking his salaries as Commissioner for some few months now, some have said, he has outlived his usefulness at the GRA, therefore, must go!

Col K Damoah (Rtd)was first appointed Acting Commissioner on 30th May, 2019 and subsequently confirmed on 19th May, 2020.

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Prior to his appointment as Commissioner, he had been a Board Member of the Ghana Revenue Authority from May 2017. He was appointed a Technical Advisor to the Commissioner-General from October 2017 to June 2019.

He was a lecturer at the Faculty of Law and Business Department of the Zenith University College in Accra, between 2010 and 2018.

Meanwhile, this paper in the coming days will publish series of some questionable deals, signed by top officials at the helm of affairs at the blind side of the citizenry.

More To Come…

Source: www.GhanaCNN.com

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Today’s Newspaper Headlines: Thursday, October 6, 2022

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Today’s Newspaper Headlines: Thursday, October 6, 2022

Daily Graphic Newspaper

Today's front pages: Thursday, October 6, 2022

The New Crusading Guide

Today's front pages: Thursday, October 6, 2022

The Chronicle

Today's front pages: Thursday, October 6, 2022

Ghanaian Times

Today's front pages: Thursday, October 6, 2022

Source: www.GhanaCNN.com

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I Am Not Surprised At World Bank’s Projection Of Ghana’s Debt To GDP Hitting 104% By End Of 2022 – Ato Forson

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The Ranking Member on Parliament’s Finance Committee, Dr. Cassiel Ato Forson, says he is not surprised by the World Bank’s report stating that Ghana’s debt to Gross Domestic Product (GDP) would hit 104.6% by the end of 2022.

According to him, the Minority has been blowing the alarm on Ghana’s debt risk for some time now; however, all attempts to get the government to act have fallen on deaf ears.

He stated that much of Ghana’s debt to GDP had not been properly accounted for thus creating a false sense of security for those in power despite the Minority’s agitations.

He believes that the Minority’s vindication by the World Bank, hopefully, would get the government to up their game in finding a lasting solution to the fiscal issues burdening the country.

“Ghana’s debt to GDP is not properly accounted for, in the sense that we have identified what we call hidden debt. A typical example is when you use ESLA revenues for the purposes of collateral and to use it to take a loan.

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“And we believe that per the nomenclature of the ESLA receivables itself its corresponding debt should be part of the public debt. The government had consistently decided to ignore us. We believe that the ESLA debt is public debt and should be captured as such.

“Same as the sinohydro, when the government for some reason decided to classify it as barter trade, now I wonder that in this modern day we still have barter trade and we’ll use it to bypass the fiscal accounting mechanism? For some strange reason government insisted.

“In fact I had said that if you are to factor in ESLA bond, Daakye bond, obviously the sinohydro and that of road fund our public debt to GDP as at 2021 was 81%. And this is not secret, I’ve debated it on the floor of Parliament, I’ve written articles to support the position of the Minority, we wrote even to IMF to get them to do what is right when Ghana was in a programme and yet the government decided to ignore us. So I’m not surprised at this report.”

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The World Bank has classified Ghana as a high debt distress country as it projects the nation’s debt to Gross Domestic Product (GDP) of 104.6% by the end of 2022.

According to its October 2022 Africa Pulse Report, debt is expected to jump significantly, from 76.6% a year earlier, amid a widened government deficit, massive weakening of the cedi, and rising debt service costs.

It is also forecasting debt to GDP of 99.7% and 101.8% of GDP in 2023 and 2024, respectively. The size of Ghana’s economy is estimated at about $72 billion, whilst it is expected to spend about 70% of revenue this year to service its debt.

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The report is coming at a time the Bank and the International Monetary Fund (IMF) are conducting a Debt Sustainability Analysis on the country. A country which is highly debt distressed is unable to fulfil its financial obligations and therefore debt restructuring is required.

The World Bank further stated that Ghana needs $1.5 billion in assistance from the IMF, which could help to shore up public finances and regain access to credit markets.

SOURCE theghanaianvoice



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Morocco Issues First Cannabis Production Permits

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Morocco Issues First Cannabis Production Permits

The Moroccan government has issued 10 permits for farmers to legally grow cannabis for industry and export for the first time.

Farmers in the northern regions of al-Hoceima, Chefchaouen and Taounate will be allowed to produce and sell cannabis for medical, pharmaceutical, and industrial use, in accordance with a law passed by parliament last year.

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The national agency regulating cannabis activity which issued the permits said farmers will be encouraged to increase legal cannabis production to meet the need of the market.

Morocco has long been one of the world’s largest producers of illegal cannabis.

It is grown in the poorest mountainous regions of the North African country and trafficked to Europe.

The government’s move to legalise cannabis production is meant to improve the conditions of the poor farmers and generate revenue for the economy.

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Source: www.GhanaCNN.com

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