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Tag Archives: 2018 budget

Special Prosecutor office to sue after AG’s review of agreements

The office of the Special Prosecutor when operational in 2018, will be expected to ensure at least 75 conviction of all cases referred to it by the police, after a review of all agreements by MMDAs to be carried out by the Attorney General’s Department. During the 2018 budget reading, coming a day after the passage of the Office of ...

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Our efforts ended ‘dumsor’ – Oppong Nkrumah insists

A Deputy Minister of Information has suggested that despite the investments made by the Mahama administration into the power sector, it was ultimately the efforts of the New Patriotic Party (NPP), that ensured the end to the frequent power outages, christened ‘dumsor.’ The Finance Minister, Ken Ofori-Atta, stated that the government had promised to end ‘dumsor’ and had delivered, while ...

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2018 budget statement and economic policy [Full Text]

The Minister of Finance, Ken Ofori-Atta on Wednesday, November 15, 2017, presented the Akufo-Addo government’s 2018 Budget Statement and Economic Policy to Parliament. The budget highlighted results from the government’s policy programmes over the past months,  and announced the government’s planned developmental programs for the next fiscal year. Among the major programs to be rolled out by the government in ...

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#GhBudget: Young entrepreneurs to get tax holidays – Gov’t

Government has reiterated its commitment to ensuring that local companies thrive by announcing that young business owners in the country will receive tax holidays. The Finance Minister, Ken Ofori Atta, made this announcement on the floor of Parliament today, Wednesday, November 15, whilst presenting the government’s budget and policy statement for 2018. According to the Minister, the government will through ...

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#Ghbudget: Minimum wage tax scrapped, Special Import Levy stays

The Akufo-Addo administration has announced the implementation of a tax threshold to protect workers on minimum wage as part of its major tax reforms in the 2018 budget. This means income tax for minimum wage earners has essentially been abolished. The government has long served notice of its intent to lessen taxation, and the relief being offered to workers on minimum wage ...

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#GHBudget: Gov’t announces tax reliefs for private universities

The government has announced that privately-owned universities will be granted some tax reliefs thereby enabling them to thrive and admit more students. Making the announcement in the 2018 budget read in Parliament today, [Wednesday], November 15,  Finance Minister, Ken Ofori-Atta, revealed that the private institutions will no longer be required to pay corporate income tax. According to the Minister, investing in the country’s ...

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#Ghbudget: Gov’t budgets GH¢62bn for 2018

Government expects to spend an estimated 62 billion cedis in the 2018 financial year, Finance Minister Ken Ofori-Atta has revealed. This is equivalent to 25.7 percent of the country’s Gross Domestic Product (GDP), and represents an annual growth of 14.5 percent. The Finance Minister made the announcement today, Wednesday, November 15, 2017, in parliament during the national budget presentation. According ...

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#Ghbudget: Capitation grant to increase in 2018

In fulfillment of its promise to make basic education free and accessible to all, government has announced plans to increase capitation grant from GHC 9.00 to GHC 10.00 in 2018. The previous NPP government, led by former President John Agyekum Kufour, reinforced free basic education through the disbursement of capitation grants, with an initial amount of GHC 3.00 per pupil ...

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#Ghbudget: Electricity tariffs to be reduced by 13%

The Finance Minister, Ken Ofori-Atta, has proposed an average reduction of 13 percent in electricity tariffs for residential consumers of electricity. Consumers in the non-residential category will also see a 13 percent drop in tariffs. The high electricity tariffs were a major part of the New Patriotic Party (NPP)’s campaign ahead of the 2016 elections, with many of the party’s communicators claiming ...

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#Ghbudget: 2018 budget delivery underway in parliament

Finance Minister, Ken Ofori Atta, is on the floor of Parliament, presenting the government’s 2018 budget to lawmakers. The budget is the second to be read by Akufo-Addo administration since it took over the administration of the country in January 2017. The budget is expected to focus on about 10 key areas including infrastructure, macroeconomic stability, job creation, agriculture, entrepreneurship, ...

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