The presentation on the state of the economy by Vice President Mahamudu Bawumia is still trending as communicators of Ghana’s two biggest political parties try to out debate each other over the content of the lecture. Communicators of the government argue that Bawumia has vindicated himself by presenting an extraordinary lecture.
As the stalemate over the controversial e-levy raged on without solution, one of the wisest counsel that Speaker Alban Bagbin gave was to refer the matter back to the Finance Committee of Parliament for further refitting and necessary adjustments. Indeed, onto the Finance Committee, the e-levy was relayed.
Kwaku Kwarteng the Chairman of Parliament's finance committee has applauded the Vice President, Dr Mahamudu Bawumia in his address regarding the state of the economy on Thursday. According to his point of perspective, the vice president's message was premised on the indisputable facts, which demonstrate the government's effort at building a vigorous and developed economy, and hence the need for all persons to rally behind the government's planned recovery programmes.
Minority 'capture' advance endorsement two times this week Lack of majority influences advance endorsement in Parliament Parliament has twice this week, neglected to support one more credit between the public authority of Ghana and the Federal Republic of Germany which was put before the House. This was because of absence of majority for navigation.
The Member of Parliament for Bolga Central constituency, Isaac Adongo has hinted what is likely to happen in Parliament with respect to the approval of the 2022 budget. Although the Minority leader and a host of MPs from the minority caucus have categorically indicated that they are not in support of the Electronic Levy, Mr Adongo said it is not possible to single out only that item and vote against it based on the rules of Parliament.
Dr. Stephen Amoah, Nhyiaeso MP and an individual from the Finance Committee in Parliament, has exposed John Dramani Mahama's cases that Nana Addo Dankwa Akufo-Addo has fumbled Ghana's economy more than ever. Talking on Joy FM's News Night program, the previous Chief Executive Officer of the Micro Finance and Small Loans Centre (MASLOC) notwithstanding recognizing that there is difficulty in the nation, expressed that something is occurring around the world and the current organization can't be faulted for that.
Speaker of Parliament Alban Sumana Kingsford has returned from the United Arab Emirates (UAE), where he had been for a medical examination since January 29. After a previous assessment in November of last year, Speaker Bagbin left for this one. He appeared in the House in the same clothing that he departed on Friday, January 28, after announcing his intention to communicate with his outfits when the House reopened for this Meeting.
Fuseini Issah, a former Member of Parliament for OkaiKwei North, says the New Patriotic Party (NPP) has done a good job regulating the performance of the local currency, the cedi, versus international trade currencies, particularly the dollar. On Friday, February 18, he remarked on TV3's New Day that the cedi's worst performance under the NPP administration is better than the previous National Democratic Congress (NDC) administration.
Deputy Ranking member of the Finance Committee in Parliament, Isaac Adongo, who is also a member of Parliament made an appearance in the studios of Citi TV. Speaking with Bernard Avle during a live interview, Isaac Adongo reiterated the stance of the Minority on the introduction of the e-levy and the removal of the road tolls.
According to the data available, Ghana is experiencing 1,000 mobile mobile (MoMo) transactions per second, said Finance Minister Charles Adu boahen. The government wants only a small share," he said at the Good Evening Ghana Show on Thursday, January 20th. On the other hand, regarding E-levy`s proposal, the Treasury (MoF) said that sound discussions in lively parliament are an important part of Ghana's growing democratic credentials and should never be seen as a financial risk.
It appears the controversial Electronic Levy also known as E-levy is heading for passage by Parliament. This was after 25 member finance Committee of the House approve the bill by majority decision for consideration by the plenary. The finance Committee is made up of 12 members from the Majority side and 12 members from the Minority side voted for the electronic levy to be considered under an urgent certificate.
The Finance Committee has supported E-demand, yet the National Democratic Congress (NDC) Minority Caucus in Parliament has given the sign that it will cast a ballot against the Electronic Transaction Bill, 2021 (E-Levy) when it is put before the House. Dr Cassiel Ato Forson, a Member of the Minority and Ranking Member on the Finance Committee, said the 137 Minority MPs would cast a ballot against the Motion in light of the fact that the Bill could incur difficulty for the standard Ghanaian whenever passed.
A government can bring some new set of rules in order for the country to make more IGFs or Internally Generated Funds. These rules can be in the form of increment in the amount of tax that is placed on the goods and services in the country. Sometimes, the new rules may not be favorable but in all things they may have to be paid.
The blanket approval of Tax incentives to business entities by Parliament without any proper statistical evidence of the purported benefits accruing to the state and the proper monitoring systems put in place to ensure accountability, continues to raise concerns about Parliament’s oversight responsibility in granting these Tax Incentives. Especially when they are pushed through at the very last day of Parliamentary sitting. “As if you were in my last meeting with Parliamentarians of the Finance Committee
Hit the FOLLOW button to receive newly published articles. LIKE and SHARE the article. The state of the country's economy has raised some concerns among individuals. Many have expressed their opinions about the situation the country finds itself in. Hon. Dr. Cassiel Ato Forson, a Ranking Member on Finance Committee of Parliament also expressed some concerns about the country's economic state.
When it comes to issues of conditions of service for themselves, there is no opposition in Ghana's parliament as both side of the house will wholeheartedly agree to any deal despite any repercussions on the economy of the state. There are countless occasions when members of parliament have staged a walk out on even issues that could impact Ghananians positively but not issues pertaining to their wages and conditions of service as both sides of the house become one and agree wholeheartedly to each other views.
The Minister for Finance, Ken Ofori-Atta, has placed a loan agreement of $28 million before the floor of Parliament. This loan is to help procure 275 vehicles for the 8th parliament members. In a report filed by Citinews, in the papers presented to Parliament, the loan will be sourced from the National Investment Bank, NIB.
Africa Confidential, a Pan-African news magazine, claims Ghanaian MPs allowed charge occasions and other speculation motivating forces worth US$832 million to Meridian Port Services (MPS) without knowing the agreement.The motivators covered a time of 10 years.
Dr. Cassiel Ato Forson, a Ranking Member of Parliament's Finance Committee, has lamented Ghana's economic state, which he claims has resulted in extreme suffering among the Ghanaian people. The poor state of the economy, which he described as the worst in recent memory, is the result of mismanagement by the Akufo-Addo-Bawumia government, not the Covid-19 pandemic, as some had been led to believe.
There are 'truly believable' individuals inside the administering New Patriotic Party (NPP), who can take the most difficult task of turning our nation's accounts around, Bolgatanga Central MP Isaac Adongo has said.