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Business News of Tuesday, 16 March 1999

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Techiman Assembly targets 662.5 million cedis revenue

Techiman (Brong Ahafo), 16 March '99

The Techiman District Assembly has earmarked 662.5 million cedis in revenue from traditional sources out of which 662 million cedis would go into capital expenditure this year. Last year, the assembly exceeded its target in revenue mobilisation by 12.9 per cent, collecting 483.5 million cedis instead of the estimated 428.2 million cedis. The District Chief Executive (DCE), Mr Francis Yaw Gyarko, said this when he addressed the second ordinary meeting of the assembly at Techiman yesterday. He said the assembly would spend 85.5 million cedis on personal emolument, 134 million cedis on travelling and transport and 10 million cedis on afforestation in the district. Mr Gyarko said, in a move to update the statistics of the assembly to enhance its operations, national service personnel have been engaged to take a census of all private property in the district. Under the poverty reduction programme, Mr Gyarko said 110.9 million cedis had so far been disbursed to 60 groups made up of food growers, poultry farmers and others engaged in small-scale enterprises. He said ten other groups engaged in agriculture would benefit from 20 million cedis credit under the programme. Alhaji Kwadwo Maama Adam, Brong Ahafo Deputy Regional Minister and Member of Parliament for Techiman South, announced that the government has voted two billion cedis to assist the youth in their agricultural ventures. He advised businesses qualified to collect value added tax (VAT) to register and be issued with certificates.