Business News of Friday, 24 March 2023

Source: www.ghanaweb.com

FLASHBACK: Government bans purchase of imported vehicles for public sector

Imported items Imported items

In 2022, the government imposed a moratorium on the purchase of imported vehicles, especially 4-wheel drives.

According to the Finance Minister, Ken Ofori-Atta, this is part of the measures to deal with the country's economic challenges.

“With immediate effect, the government has imposed a complete moratorium on the purchase of imported vehicles for the rest of the year. This will affect all new orders, especially 4-wheel drives. We will ensure that the overall effect is to reduce total vehicle purchases by the public sector by at least 50 percent for the period,” he said at a press conference on Thursday, March 24 while announcing measures introduced to deal with the economic challenges," he said.

Read the full story originally published on March 24, 2022, by 3news

With immediate effect, the government has imposed a complete moratorium on the purchase of imported vehicles for the rest of the year, Finance Minister, Ken Ofori-Atta has said.

He said this will affect all new orders, especially 4-wheel drives.

“With immediate effect, the government has imposed a complete moratorium on the purchase of imported vehicles for the rest of the year. This will affect all new orders, especially 4-wheel drives. We will ensure that the overall effect is to reduce total vehicle purchases by the public sector by at least 50 percent for the period,” he said at a press conference on Thursday, March 24 while announcing measures introduced to deal with the economic challenges.

“Again, with immediate effect government has imposed a moratorium on all foreign travels, except pre-approved critical/statutory travels; Government will conclude ongoing measures to eliminate “ghost” workers from the Government payroll by the end of December 2022."

“Discretionary spending is to be further cut by an additional 10%. The Ministry of Finance is currently meeting with MDAs to review their spending plans for the rest of the three (3) quarters to achieve the discretionary expenditure cuts; ii. these times call for very efficient use of energy resources," he added.

“In line with this, there will be a 50% cut in fuel coupon allocations for all political appointees and Heads of government institutions, including SOEs, effective 1st April 2022,” the finance minister stated.