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KOICA, Ministry of Finance sign MOU to strengthen capacity of Ghana’s tax policy
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The Korea International Corporation Agency (KOICA) has signed a $2.2million grant Memorandum of Understanding (MOU) with the government, through the Ministry of Finance to strengthen the capacity of Ghana’s tax policy.
Per the MOU, KOICA will collaborate with top tax experts from Korea to establish a master plan tailored to the Ghanaian context, to improve tax administration in the country.
Per the MOU, KOICA will collaborate with top tax experts from Korea to establish a master plan tailored to the Ghanaian context, to improve tax administration in the country.
The Deputy Minister of Finance, Dr John Ampontuah Kumah on last week Friday signed on behalf of the government, whilst the Country Director of KOICA, Mr Dong Hyun Lee signed for Korea at a brief ceremony in Accra.
Dr Kumah said the grant agreement would help the government to broaden the tax system in order to increase revenue to the country’s national development.
He said the government would leverage on Information Communication and Technology (ICT) tools, in addressing the loopholes in the country’s tax collections.
Dr Kumah said the MOU represent the tangible efforts and collaboration between the government of Ghana, and the people of Korea to improve lives, and as well contribute to the sustainable development of Ghana.
He assured that the Ministry of Finance was determine to reducing the budget deficits and control the national debt, adding that “ the surest way to reducing the deficits and control the national debt is to increase revenue.”
On his part, Mr Lee said KOICA would lay the foundation for a significant transformation in Ghana’s tax administration by diligently sharing Korea’s knowledge and vision with Ghana.
He said Korea’s remarkable economic growth was not solely achieved through business development, but rather through dedicated efforts of the government and officials, who engaged in extensive learning through various master plan initiatives.
“Korea has also built its institutional systems through the development of master plans and research tailored to its own circumstances.The significance of tax revenue to socio –economic is unquestionable because, tax is the crucial resource for development like energy, land and human empowerment” Mr Lee said.
BY BERNARD BENGHAN
The Tema Regional Police Command has arrested a 32-year-old man for allegedly posing as a soldier and extorting money from unsuspecting members of the public at Ashaiman.
The suspect, identified as Bright Atsu Kudiabor, was arrested by the Ashaiman Police on Wednesday, September 16, 2026, at about 7:00 a.m.
According to the Police, he was arrested at an area known as “I Shall Return”, where he was allegedly parading himself as a soldier and demanding money from people.
The Police said Kudiabor, who is an ex-convict, was initially arrested by personnel of the Ghana National Fire Service in Ashaiman with assistance from other members of the public.
A search conducted on him after he was handed over to the Police reportedly led to the recovery of a set of military camouflage uniform.
The suspect is currently in Police custody and assisting with investigations.
The Tema Regional Police Command said he would be processed for court after investigations are completed.
The Police urged the public to remain vigilant and report anyone who falsely presents themselves as a soldier or a member of another security agency to deceive or extort money from the public.
By: Jacob Aggrey
Volta Regional Minister, James Gunu, says the Volta Region holds enormous agricultural potential and efforts must be geared towards connecting farmers to the needed resources to unlock that potential.
He said focus must be on linking farmers to resources, technology, financing and markets to increase production, create jobs and build sustainable livelihoods.
Hon. Gunu made the remarks at the national launch of the Ghana Tomato Self-Sufficiency Initiative (GHATSI) held at Anloga in the Volta Region on Tuesday, September 15.
The initiative, under the theme “Produce at Home. Feed the Nation. Export the Surplus,” seeks to boost local tomato production, processing and marketing while reducing Ghana’s heavy reliance on imported tomatoes.
The launch was attended by the Minister for Food and Agriculture, Eric Opoku, his Deputy, John Setor Dumelo, Feed Ghana Coordinator, Bright Demordzi, Members of Parliament, traditional leaders, MMDCEs, farmers and other stakeholders.
Mr.Gunu expressed appreciation to the Minister for Food and Agriculture for the support announced for the region, including two excavators, 200 cartons of organic fertiliser, and GH¢200,000 for Ms. Kuatudzo Esther Dela, a tomato farmer and processor from Ziope.
He described the initiative as an important step towards making agriculture a stronger driver of food security, job creation and economic growth in the Volta Region.
By Edem Mensah-Tsotorme
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