Seth Terkpe, Ghana’s Minister of Finance and Economic Planning, has called on the country’s Metropolitan, Municipal and District Assemblies (MMDAs) to improve on their revenue-generation efforts.
“Over-dependence on central government revenue transfers must not be tolerated,” he said Thursday, adding that it was high time regional (provincial) ministers as well as MMDAs joined the crusade to revamp the efforts of government machinery in revenue generation at the local government level.
The Finance Minister said in a speech read on his behalf at a Budget briefing in Wa, the capital of Upper West Region, that a local government borrowing bill which would enable MMDAs to borrow funds from approved sources was currently before the Cabinet for approval and would be subsequently forwarded to Parliament to be passed into law.
Terkpe said the government would enact a new law which would regulate local government borrowings and make it possible for local governments to source funds from the market for infrastructural development and to improve service delivery.
Terkpe said the support of MMDAs was relevant to boost the efforts of government to control the public sector wage bill and save more resources for infrastructural development. “The support of both political and administrative leadership at the local level is needed, particularly relating to adhering to the guidelines of recruitment, replacement and the elimination of ‘ghost’ names”, he said.
Source: NAM NEWS NETWORK.