{"id":27909,"date":"2022-11-26T19:28:37","date_gmt":"2022-11-26T19:28:37","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/uncategorized\/coalition-urges-government-to-be-transparent-about-ghanas-debt"},"modified":"2022-11-26T19:46:20","modified_gmt":"2022-11-26T19:46:20","slug":"coalition-urges-government-to-be-transparent-about-ghanas-debt","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/coalition-urges-government-to-be-transparent-about-ghanas-debt","title":{"rendered":"Coalition urges government to be transparent about Ghana\u2019s debt"},"content":{"rendered":"

Africa-Press – Ghana. <\/strong><\/span>The Tax Justice Coalition Ghana has asked the government to be transparent about the country\u2019s debt and its restructuring for effective debt management and sustainability.<\/p>\n

The Coalition said it was important for the government to provide the necessary data for its Debt Sustainability Analysis with the International Monetary Fund (IMF), which is a critical component for the Fund\u2019s loan support programme.<\/p>\n

The Coalition made this call at a workshop held in Accra on Tuesday November 24, under the theme: \u201cGhana\u2019s Debt and economic crisis: Global and domestic challenges.\u201d<\/p>\n

Speaking at the event, Dr Vitus Adaboo Azeem, the Chairman of the Coalition, charged the Government to make available all data on Ghana\u2019s debt including quasi-government-backed debt guarantees to fast-track Ghana\u2019s negotiations with the International Monetary Fund (IMF).<\/p>\n

He said the Government must regularly publish all transactions of State Enterprises, including the Ghana National Petroleum Corporation (GNPC) and the Minerals Income Investment Fund (MIIF).<\/p>\n

The Coalition said government must ensure the commitment by the President, Nana Addo Dankwa Akufo-Addo to protect Cedi-denominated debts to protect domestic savings to avoid a total collapse of the economy.<\/p>\n

Dr Azeem said, \u201cGovernment must immediately reduce the cost of government machinery, either by a further cut on the overall emoluments of the office of government machinery and reduce the number of non-essential staff.\u201d<\/p>\n

He also advised that an intentional strategy to grow domestic private capital is a way of increasing local content was developed and implemented by the Government to help solve the current economic crisis the country is facing.<\/p>\n

Apart from this, he encouraged the Government to implement strategic measures to shore up revenue mobilisation effort through technology-based approaches such as automated tax filing and payment systems, efficient tax-related data management systems and improve tax compliance across all the tax handles.<\/p>\n

The Chairman also urged the Government to intensify efforts to curb the illicit financial flows as the nation continued to lose valuable revenues through such avenues.<\/p>\n

He said, \u201cThe Government must strengthen state accountability institutions such as the Office of the Special Prosecutor (OSP), CHRAJ, EOCO, Ghana Audit Service and Internal Audit Agency by adequately resourcing and guaranteeing their independence to ensure efficiency in public financial management and fight corruption more effectively.\u201d<\/p>\n

For More News And Analysis About Ghana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Ghana. The Tax Justice Coalition Ghana has asked the government to be transparent about the country\u2019s debt and its restructuring for effective debt management and sustainability. The Coalition said it was important for the government to provide the necessary data for its Debt Sustainability Analysis with the International Monetary Fund (IMF), which is […]<\/p>\n","protected":false},"author":84,"featured_media":27908,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,3,7],"tags":[5092,5096,429,9101,1453],"class_list":["post-27909","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-community","category-head-lines","tag-africa-press","tag-africa-press-ghana","tag-ghana","tag-ghanas","tag-government"],"yoast_head":"\nCoalition urges government to be transparent about Ghana\u2019s debt - Ghana<\/title>\n<meta name=\"description\" content=\"The Tax Justice Coalition Ghana has asked the government to be transparent about the country\u2019s debt and its restructurin ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/ghana\/all-news\/coalition-urges-government-to-be-transparent-about-ghanas-debt\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Coalition urges government to be transparent about Ghana\u2019s debt\" \/>\n<meta property=\"og:description\" content=\"The Tax Justice Coalition Ghana has asked the government to be transparent about the country\u2019s debt and its restructurin ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ghana\/all-news\/coalition-urges-government-to-be-transparent-about-ghanas-debt\" \/>\n<meta property=\"og:site_name\" content=\"Ghana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-26T19:28:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-11-26T19:46:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2022\/11\/postQueueImg_1669478439.68.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"696\" \/>\n\t<meta property=\"og:image:height\" content=\"522\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/coalition-urges-government-to-be-transparent-about-ghanas-debt#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/coalition-urges-government-to-be-transparent-about-ghanas-debt\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Coalition urges government to be transparent about Ghana\u2019s debt\",\"datePublished\":\"2022-11-26T19:28:37+00:00\",\"dateModified\":\"2022-11-26T19:46:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/coalition-urges-government-to-be-transparent-about-ghanas-debt\"},\"wordCount\":394,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/coalition-urges-government-to-be-transparent-about-ghanas-debt#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2022\/11\/postQueueImg_1669478439.68.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Ghana\",\"ghana\",\"Ghana\u2019s\",\"government\"],\"articleSection\":[\"all news\",\"community\",\"head lines\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/ghana\/all-news\/coalition-urges-government-to-be-transparent-about-ghanas-debt#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/coalition-urges-government-to-be-transparent-about-ghanas-debt\",\"url\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/coalition-urges-government-to-be-transparent-about-ghanas-debt\",\"name\":\"Coalition urges government to be transparent about Ghana\u2019s debt - 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