JA NEX

JAN 2012 JA Template

You are here: Home News Business We’ve taxed Ghanaians too unduly – Terkper
 

Studio line: 0031 70 7370507

Tuesday, 23 August 2016 14:08

We’ve taxed Ghanaians too unduly – Terkper Featured

Written by 
Rate this item
(0 votes)

 

 

 

The Minister of Finance, Seth Terkper, has admitted the undue taxation of Ghanaians when the government could have ensured that State Owned Enterprises and development projects were well managed to be able to pay for loans taken.

According to the Minister, “We have fallen into some bad habit of doing commercial projects and then asking the taxpayer to pay for it.”

Mr Terkper, who was speaking during a press briefing session in Accra yesterday, indicated that the government had made some corrections to its debt management strategies and had initiated a policy that would ensure that “if we borrow for commercial developments, the projects should pay for the loan.”

“It shouldn’t be the taxpayer and so today we have the developments at the airport on self-financ­ing basis; we’ve put the expansion taking place at Takoradi on self-financing basis; the Tamale Airport is on self-financing basis,” the Finance Minister noted.

Responding to queries about the status of the Tema Oil Refinery (TOR) debt and whether the government had stopped paying the debt, the Minister was unable to readily provide the level of debt except to say that the debt was ring-fenced.

“What we need to do is to get the right policy in place to help our SOEs not to fall into debt and then we fall on the taxpayer,” he said.

He attributed the existence of the TOR and VRA debts to give­ornaments inability to pay subsidies.

“The subsidies which we couldn’t pay, we are paying now after years of accumulation in the form of taxes and levies,” he admitted.

To take the burden of government, a major structuring of State Owned Enterprises (SOEs) is underway.

The only government entities that are allowed to make profits are the SOEs. They must come back to trimming their costs and making profits and to the extent that government is part of their dilemma in terms of subsidies and arrears, we must also make that correction so we can have a sound economy.

Source: Finder

 

 

 

Read 2802 times

154 comments

  • Comment Link DarrelVeire Sunday, 10 December 2017 17:48 posted by DarrelVeire

    order generic viagra from canada
    how much viagra does cost
    do tell doctor get viagra
    viagra cost
    best website buy viagra online

    Report
  • Comment Link MarvinFluon Saturday, 09 December 2017 19:20 posted by MarvinFluon

    buying cialis online canada
    buy cialis online
    cialis blue pills
    buy cialis
    buy generic cialis online no prescription

    Report
  • Comment Link q4vu9j4 Friday, 08 December 2017 16:48 posted by q4vu9j4

    www cialis.com
    Cialis
    online viagra without prescription non prescription cialis
    cialis daily use

    Report
  • Comment Link 9sgljkg Friday, 08 December 2017 01:23 posted by 9sgljkg

    international drug mart
    drug canada
    cheap drugs canadian drugs
    drug store online

    canada pharmacies online prescriptions

    Report
  • Comment Link Marthaspeax Thursday, 07 December 2017 20:38 posted by Marthaspeax

    free online casino games
    free slot games
    casino games
    free online casino games

    Report
  • Comment Link CarlosPeext Thursday, 07 December 2017 09:29 posted by CarlosPeext

    cheap cialis ireland
    no prescription cialis
    cialis online order canada
    cialis on line no pres
    order cialis online australia

    Report
  • Comment Link Chrissaita Thursday, 07 December 2017 07:54 posted by Chrissaita

    cheapest canadian pharmacy cialis
    cialis without doctor
    best place order cialis
    cialis without doctor
    buy cialis daily use online

    Report
  • Comment Link LouiseJum Thursday, 07 December 2017 00:05 posted by LouiseJum

    cash loans
    online payday loans
    payday loans
    pay day loans
    online payday loans
    payday loan online
    payday loan online
    pay day loans
    cash advance loans
    online loans

    Report
  • Comment Link LouiseJum Wednesday, 06 December 2017 03:31 posted by LouiseJum

    payday loans no credit check
    cash advance
    payday loans no credit check
    cash loans
    payday loans online
    pay day loans
    cash advance loans
    payday loans no credit check
    payday loans
    cash advance loans

    Report
  • Comment Link Bruceanype Tuesday, 05 December 2017 18:55 posted by Bruceanype

    comprar viagra generico en farmacia
    viagra without a doctor's prescription
    can i buy viagra in soho
    viagra without a doctor’s prescription
    how to cut viagra pills in half

    Report

Leave a comment

Make sure you enter the (*) required information where indicated. HTML code is not allowed.