Business News of Thursday, 15 August 2019

Source: luvfm.com

Digital addressing system will revolutionise economy – Kwaku Kwarteng

Kwaku Kwarteng, Deputy Finance Minister in charge of Revenue Kwaku Kwarteng, Deputy Finance Minister in charge of Revenue

Deputy Minister for Finance in charge of Revenue, Kwaku Kwarteng, has described the Digital Addressing System as the main catalyst to revolutionise the country's economy in terms of revenue generation.

“The National Property Addressing System will help Government to track revenue and also boost the capacity of the Metropolitan, Municipal and District Assemblies (MMDAs) to be able to generate revenue for their assemblies,” he said.

According to him, most MMDAs can survive without Government’s subvention after a successful implementation of the Digital Address System which will enable the MMDAs rake in more revenue through property rate and also reduce wastage.

He said this when he addressed 50 personnel of the Nation Builders’ Corps (NaBCo) in Obuasi selected for the National Property Address Tagging Project.

Kwaku Kwarteng who doubles as the Member of Parliament for the Obuasi West Constituency advised the personnel to be diligent in their work because the system will help government track revenue.

“The NaBCo Programme has brought hope to a lot of graduates and has addressed the dire graduate unemployment that posed threats to the country’s security,” the Minister said.

On his part, the Municipal Chief Executive for Obuasi, Elijah Adansi-Bonah, promised the personnel of the assembly's support during the exercise.

He again advised the personnel to treat the exercise with all the seriousness it deserves to make it a success.

Meanwhile, the personnel have been charged to explain the system to the public when they get into the communities.

Led by the Municipal Information Officer, Sampson Manu, the personnel were taken through the principles of community engagement meant to facilitate their work.

The first phase of the Digital Addressing exercise begins in a fortnight time and it is expected to last for six weeks.