Parl approves Ken Ofori-Atta as Finance Minister

Parliament has approved the nomination of Ken Ofori-Atta as Finance Minister.

He was approved by consensus following recommendations by the Appointments Committee.

The Majority Chief Whip, Mr. Frank Annor Dompreh who presented the report of the Committee highlighted several questions the nominee was asked.

“The nominee answered a number of questions ranging from the justification for the resubmission of the Agyapa transaction to Parliament, public sector wages negotiations, the rationale for the proposed tax hikes by the government and the management and use of the petroleum revenue.”

”The committee by consensus recommends to the house to approve the nomination of Mr. Ken Ofori-Atta for appointment as Minister responsible for Finance,” he added.

The nominee appearing before the Committee last week promised to tackle three key areas if approved.

He identified revenue mobilisation under property rates, addressing levels of tax exemption, and digitisation of tax administration.

He promised to push the current low tax-to-Gross Domestic Product (GDP) ratio of about 12.5% to the proposed tax-to-GDP ratio of at least 17% in a bid to moving Ghana beyond aid.

By: Rainbowradioonline.com

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