My main focus is to deal with tax exemptions – Ofori-Atta

My main focus is to deal with tax exemptions – Ofori-Atta

- Ken Ofori-Atta has stated that his key focus in becoming the minister is to reduce revenue lost to tax exemptions

- The Finance Minister-nominee said despite a lack of significant action in the last four years under his tenure, his focus is still the same

- Ofori-Atta stated that work had been done on legislation in the form of the Tax Exemptions Bill, despite the lack of progress

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The Finance Minister-nominee, Ken Ofori-Atta has stated that his key focus in becoming the minister is to reduce revenue lost to tax exemptions.

According to him, despite a lack of significant action in the last four years under his tenure, his focus is still the same.

Answering questions during his vetting, Ofori-Atta said under revenue generation, the issue of tax exemptions, alongside harnessing revenue from property rates and digitalisation “are going to be key areas for me.”

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My main focus is to deal with tax exemptions – Ofori-Atta
My main focus is to deal with tax exemptions – Ofori-Atta Photo credit: YEN.com.gh
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“Let me assure you that these three will be areas of keen interest to ensure domestic revenue mobilisation,” the nominee assured.

Ofori-Atta stated that work had been done on legislation in the form of the Tax Exemptions Bill, despite the lack of progress.

“A lot has been done between 2017 and 2020 and we are grateful for that. Some things are yet to be done and these are the three I am committing to us doing before that time,” he said.

In March 2019, the Minister of Finance, Ken Ofori-Atta submitted the Tax Exemptions Bill to Parliament.

Cabinet also amended the process for approving exemptions to include compulsory clearance by the ministry.

In other news, the President, Nana Addo Dankwa Akufo-Addo has given the assurance that the government is working hard to purchase some 42 million additional COVID-19 doses by the close of 2021.

According to him, talks on the vaccine are far advanced to get them into the country.

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This he said goes to say that by the end of the year, the entire adult population would be vaccinated.

“Government remains on course to procuring a total of 42 million vaccines to achieve its target of 20 million vaccinated Ghanaians by the end of the year,” the President said.

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Source: Yen.com.gh

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