Home Politics As the Fees and Charges Bill is passed by Parliament, government agency payments will increase.
Politics - July 15, 2022

As the Fees and Charges Bill is passed by Parliament, government agency payments will increase.

As the Fees and Charges Bill is passed by Parliament, government agency payments will increase.

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The Fees and Charges (Miscellaneous Provisions) Bill, 2022, was approved by Parliament to establish a yearly adjustment for the fees levied by public institutions.

The Bill will provide legal support for the demand for a 15 percent increase in government taxes and charges and is one of the revenue strategies included in the 2022 budget.

The new Act would examine current levies and impose new ones in accordance with the nation’s current economic realities after it has received the President’s assent.

It takes the place of the Fees and Charges (Miscellaneous Provisions) Act, 2018 (Act 983), which allowed the Finance Minister the power to choose the fees and charges that would apply to a piece of legislation.

The modified Act would result in a minimum 15% increase in fees and taxes.

Abena Osei Asare, a deputy finance minister, stated during the second reading of the bill that the increments would guarantee that the cost of fees and charges keeps up with pricing trends.

The Public Financial Management Act of 2016’s Section 46 was flagrantly violated by a number of government entities, according to the Finance Committee of Parliament’s report (Act 921).

In addition, some institutions also take payments over the counter or at the register, deposit the money in their operating accounts, and then make direct payments in violation of the Public Financial Management Act of 2016.

The chairman of the committee, Kwaku Kwarteng, stated during the motion for the third reading, “The Committee noted with worry that the practice does not give the Minister of Finance a complete or comprehensive perspective of the entire revenue earned by all state agencies in each fiscal year.”

“The Committee, therefore, recommends that the Ministry of Finance should take immediate steps to ensure that all institutions captured in the Second Schedule of the Bill collect their revenues through a designated commercial bank or through the Ghana.gov platform from which the funds collected are transferred in gross into the respective holding accounts at Bank of Ghana,” reads the recommendation.

 

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