The shortfall in actual airport taxes realised for the first half of the year has eroded government revenue, pushing the Ghana Airports Company and other agencies that draw funding from airport tax receipts to the brink.
The mid-year budget review expected to be delivered by the Finance Minister on Thursday to the legislature does not present an opportunity to account for the Coronavirus Alleviation Programme (CAP) funds, chairman of Parliament’s Finance Committee, Dr. Mark Assibey-Yeboah, has said.
A former Finance Minister in the Mahama-led administration, Seth Terkper, is urging Ken Ofori-Atta, the current Minister of Finance, to use the upcoming mid-year budget review to disclose some “hidden” expenditure driving up the country’s budget deficit.
Parliament has approved a total of $2.068 million tax waiver on machinery, equipment and raw materials to be procured by three companies under the One District One Factory (1D1F) Programme of the Government.
Ghana’s electricity export in 2019 reached the highest level in two decades, with 1,430 Gigawatt hours (GWh), representing 7.9 percent of total electricity generation, exported to neighbouring countries, the Energy Commission’s National Energy Statistics report has revealed.
The Country Representative of the International Monetary Fund (IMF) Albert Touna Mama has said mounting public debt before the Covid-19 pandemic has exacerbated the impact of the virus on sub-Saharan African countries like Ghana.