Business & Finance

Fuel Allocation To Political Appointees Cut By 50%

The Finance Minister, Ken Ofori Atta has announced a 50% cut in fuel coupons for political appointees and Heads of Institutions as a means of achieving the 7.4% fiscal deficit target for 2022.

This, the government said took effect on February 1, 2022.

“Effective February 1, political appointees and Heads of Government Institutions, including SOEs, will have their fuel allocation coupon cut by fifty percent (50%)”, the Minister for Finance said at a presser.

According to him, the budget allocation for fuel coupons for the targets was 60 million cedis.

Also, Ofori Atta indicated that the Government has approved that ministers and heads of SOEs contribute 30% of their salaries from April to December 2022 to the Consolidated Fund, Ken said.

Additionally, it was announced that the government has imposed a ban on all foreign travels except for pre-approved critical statutory travels which takes effect immediately.

The government also imposed a ban on the purchase of imported vehicles for the rest of the year which will affect all new orders, especially the four-wheel drives. This is to ensure that the overall effect reduces total vehicle purchase by the public sector by at least 50% for the period,” the Minister said.

Finally, expenditure on all meetings and conferences has also been cut by 50% effective immediately.

Source: Fuseini

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button