News:
March 16, 2025
Minister for Finance, Dr. Cassiel Ato Forson has given indications that the Bank of Ghana would be re-structured this year to strengthen its independence for it to operate efficiently to deliver for the people of Ghana, particularly in areas of price and exchange risk stability.
According to him Government also intends to formalize the export of Ghanaian labour to other countries and introducing measures that would protect the Ghanaian who is working abroad.
At the opening of a three-day post budget workshop for MPs in Parliament House, he noted that, they have adopted an innovative approach to address some of our long-standing problems, including reduction of the tax refund ceiling to close the gap of elimination of some of the taxes that were introduced.
He stated that the government is uncapping the National Health Insurance (NHI), the Ghana Education Trust Fund (GETFund), and the road fund as well as some critical government expenditures. Additionally, he is providing sustainable sources of funding for the free secondary education and free tertiary education for persons with disabilities.
He proposed to the House that the ADFA to be allocated largely for infrastructure – ‘the big push infrastructure’ instead of spreading it so thinly to cover some expenditures that are not desirable.
Again, we are placing a limit on project loan disbursement for both bilateral and multilateral loans within this year. We call on the House to support us ones again as you have done in the past with various finance Ministers, he pleaded.
Kwaku Sakyi-Danso/Ghanamps.com