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Five major talking points from Dr. Ato Forson’s vetting

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Minister of Finance-designate, Dr. Cassiel Ato Forson play videoMinister of Finance-designate, Dr. Cassiel Ato Forson

On Monday, January 13, 2025, Dr. Cassiel Ato Forson appeared before the Appointments Committee of Parliament to be vetted as the Minister of Finance-designate.

He answered questions on taxation, inflation, and matters regarding the economy and how it will be restored to a sound footing.

Ato Forson argued that there is no need to increase taxes given the country’s substantial potential in revenue mobilization.

GhanaWeb Business in this article lists the 5 major things the Minister of Finance-designate said that got many talking.

Scrapping E-Levy

Dr. Cassiel Ato Forson pledged to remove the controversial E-Levy in the government’s first budget, should he be approved.

“My position on the E-levy is well known and I do not intend to run from it. I have written articles against the E-levy, I championed the position against the E-levy and I still stand by it. The E-levy is neither a direct tax, an indirect tax, nor an excise tax. I insist that the betting tax must be abolished and as Finance Minister, I will abolish it in my first budget because it has failed,” he stated.

Scrapping betting tax

He also touched on scrapping the betting tax which generates GH¢50 million cedis annually.

In his view, this and the aforementioned taxes hinder economic progress.

Specifically, he pointed out that the E-Levy discourages digital transactions and obstructs the country’s move towards a cashless economy, while the betting tax generates minimal revenue.

“The noise with the betting tax does not comprehend the imposition of such a tax,” he stated, suggesting that removing it would not harm Ghana’s economic progress.

Explaining how Ghana will pay its bills with fewer taxes, Dr. Ato Forson’s answer was “You don’t necessarily have to increase taxes before you rake in revenue.”

Reintroduction of road tolls

The Minister of Finance-designate stated that the government will re-introduce road tolls in line with the party’s 2024 manifesto.

He said the NDC remains committed to its promise to bring back road tolls – a policy which was removed by the previous government led by former President Nana Addo Dankwa Akufo-Addo.

“The previous government indeed removed the road toll but getting to the end, they signaled that the road toll is coming back. They submitted it to Parliament but it was not laid despite a concession agreement with a company to reintroduce it,” he said.

“The NDC indicated from day one that the road toll will come back. We are not running away from it. So I can assure you we are a party that sticks to our promises. And whatever we have promised to do, we will do just that. If the road toll is a way to raise revenue, we will raise the revenue,” he added.

Stabilize the Cedi and job creation

On the depreciation of the local currency, Dr. Forson emphasised the need for sound fiscal and monetary policies to foster economic stability and growth.

He said this will tame inflation and promote job creation in the country.

Dr. Forson also pledged to adopt prudent fiscal measures to curb price increases and ensure that the government’s spending aligns with its revenue-generating capacity.

Free SHS

The Free Senior High School (SHS) policy, which was originally introduced by the Akufo-Addo administration, will be maintained and enhanced.

This statement follows President Mahama’s promise during his 2024 campaign to build upon, rather than abolish, the policy.

SA/MA

Pep Guardiola breaks up with his wife after 30 years of marriage

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Christian Serra and Pep Guardiola Christian Serra and Pep Guardiola

Manchester City head coach, Pep Guardiola, has split from his wife, Cristina Serra, after 30 years of marriage, according to El Periodico, as reported by goal.com.

Although there has been no public announcement, the couple have reportedly informed those within their inner circle about the decision and asked them to keep it private.

Guardiola and Serra met in 1994 when he was 20 and she was 17. They married in 2014.

The couple have three children: Maria, 24; Marius, 22; and Valentina, 17.

In 2019, reports emerged that Serra had left Manchester with one of their children to focus on her fashion business, which raised concerns.

Serra subsequently divided her time between Spain and London, remaining in touch with Guardiola, who was based in Manchester.

Despite the reports, the exact reason for the separation has not been disclosed.

Guardiola, who has had a difficult start to the 2024/2025 season, will likely focus on his managerial career and aim to revive Manchester City’s performance.

SB/EK

Austrian woman kidnapped by unknown gunmen in Niger

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Sunset over the desert town of Agadez, Niger Sunset over the desert town of Agadez, Niger

An Austrian woman has been kidnapped in Niger, the first time a European citizen has been seized in the country since the military took power in 2023.

Austria’s Federal Ministry for European and International Affairs said on Sunday that its embassy in Algeria, which is also responsible for Niger, had been informed of the kidnap of an Austrian woman in Agadez and was in contact with authorities on the ground.

A Nigerien security source told the Reuters news agency that the woman was bundled into a four-wheel drive by unknown assailants in the Fada district of Agadez, which lies on the edge of the Sahara Desert.

Residents and local media group Air-Info Agadez named the victim as Eva Gretzmacher, who has lived in Agadez – 900km (560 miles) from the capital city of Niamey – for 28 years.

According to information gathered by Air-Info, armed kidnappers showed up at Gretzmacher’s home on Saturday evening, forcing her security guard to open the door at gunpoint before forcing Gretzmacher into a vehicle.

“[She] is well known for her social commitment [and] created a skills centre in 2010 that initiated various projects, notably in the fields of education, women’s empowerment,” Air-Info reported.

Gretzmacher, 73, supported education programmes and provided assistance to local nongovernmental organisations across various sectors, including ecology and art.

Austria’s Foreign Ministry is seeking assistance from its counterpart in Niger. It is also in contact with regional authorities.

So far, Niger’s Ministry of Interior has not issued a statement about the incident.

No group has yet claimed responsibility for the abduction.

Rising security threats

For years, Niger has been battling armed groups linked to al-Qaeda and ISIL (ISIS). Security threats ramped up after the military toppled the country’s democratically elected government in July 2023.

After seizing power, the military expelled French and United States forces from the country, turning to Russian mercenaries in an effort to maintain stability.

Despite its promise to restore peace, however, the military’s capacity to improve Niger’s security has been questioned amid increasing attacks by armed groups.

Niger is one of several West African countries battling armed rebellions that have spread from Mali and Burkina Faso over the past 12 years, killing thousands of people and uprooting millions.

Before last year’s coup, Niger was seen as one of the last democratic countries in Africa’s Sahel region that Western nations could partner with to beat back the rebellion.