Ken Ofori-Atta, Minister for Finance, says government is looking at assisting Metropolitan Municipal and Districts Assemblies (MMDAs) to implement a common platform for property rate administration to enable them effectively collect property rates in the country.
Speaking on the floor of Parliament during the presentation of the 2022 Budget Statement and Economic Policy, Minister for Finance, Ken Ofori-Atta explained that property rates have the potential of increasing revenue mobilization for MDAs.
He noted that the increase in revenue mobilization will help release resources for provision of basic infrastructure as well as the needs of our localities.
He admitted that Property rate assessment and collection pose a challenge to most MMDAs and are fraught with inefficiencies.
“Mr. Speaker, property rates have the potential to increase revenue mobilization for MDAs and release resources for provision of basic infrastructure as well as the needs of our localities. Property rate assessment and collection pose a challenge to most MMDAs and are fraught with inefficiencies.
“Government, through the Ghana Revenue Authority (GRA) will from January 2022, assist the MMDAs to implement a common platform for property rate administration to enhance property rate collections and its accountability. To ensure cost recovery by government in providing the infrastructure for the collection of the Rate, a sharing ratio will be agreed with the Assemblies,” Ken Ofori Atta told Parliament.
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