Cashless system: MDAs fees and charges to be automated

Collection and administration of fees and charges by metropolitan, municipal and district assemblies would be automated in 2019. Finance Minister, Ken Ofori Atta announced that an electronic payment platform will be put in place in all government entities to give central government a comprehensive view of their finances. These will include:

• property registration, and property data management;

• the use of a simplified inexpensive tool for property valuation;

• the setting up of a system for the generation and distribution of bills; and

• the setting up of a system for the efficient collection of property rates and other rates.

Also a new bill, the Fees and Charges Bill will be placed before Parliament before close of the year. This means ministries, departments and agencies and regulators will come under greater scrutiny from the Central Government. Government says at the moment, some ministries, departments and agencies, receive their fees and charges through commercial banks that lodge these revenues in full at the BoG. The BoG then transfers the appropriate amounts to the relevant MDA. In 2019, government will expand this arrangement to all fees and charges on behalf of the MDAs and regulators. By Afua Tieku | 3news.com]]>