June 2020 earthquake: Parliament approves GHc1.6m tax waiver for devices
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June 2020 earthquake: Parliament approves GHc1.6m tax waiver for devices

- Parliament has approved a GHc1.6 million tax waiver to secure earthquake devices for monitoring such occurrences

- The decision follows a 4.0 magnitude earth tremor that occurred in some parts of Accra on Wednesday, 24 June

- The Ghana Geological Survey Authority reportedly works with outdated equipment and fewer staff

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The House of Parliament has approved a GHc1.6m tax waiver for the supply of earthquake devices.

This follows the 4.0 magnitude earth tremor that was experienced on Wednesday, 24 June in some parts of Accra.

The state agency responsible for monitoring and reporting on earthquakes, the Ghana Geological Survey Authority (GGSA) reportedly works with obsolete equipment.

READ ALSO: Report shows 236 local workers in oil and gas industry have been sacked; more to follow

Per a report by classfmonline.com, the GGSA also has inadequate staff to monitor its operations.

According to the chairman of Parliament’s Finance Committee, Dr Mark Assibey Yeboah, the project would harness available human resources for use in various sectors of the economy.

June 2020 earthquake: Parliament approves GHc1.6m tax waiver for devices

Source: bbc.com
Source: UGC

YEN.com.gh earlier reported that the Minority side in Parliament is upset over money borrowed from the Ghana National Petroleum Corporation (GNPC).

In its opinion, the move is unnecessary and has reduced the institution to one of a financial nature. Presently, the government owes the GNPC more than $300 million dollars and the Minority side is not too happy with the situation.

Information available shows that governments have, over the years, consistently borrowed directly or indirectly from the GNPC.

READ ALSO: Gov't to spend GHc2.5 million to establish tax appeals board

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Source: Yen Newspaper

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