Audio By Carbonatix
Former Auditor-General, Daniel Domelovo has called for a lifestyle audit among some Ghanaians.
In an interview on JoyNews' Upfront on Wednesday, he stated that it is critical that the country comes up with a law that requires Ghanaians to explain their source of income.
“There are some people you would agree with me that they don’t have any well paid jobs or he has not been in office long to accumulate a fraction of what they have.
“These people may have to account to the nation and explain how they got their monies. If these monies were not even earned through corrupt means at least they might have evaded taxes so they may have to pay tax,” he said.
He stated although asset declaration can help identify unspeakable wealth accumulated during office term, it is not comprehensive enough to address other issues hence the need to add other mechanisms such as lifestyle audit law.
According to him, the declaration of asset and lifestyle audit has helped increase tax revenue for the government in some jurisdictions.
He also noted that having a lifestyle audit will also help discover systemic abuses in the country, while helping to capture the proceeds.
“..If you have so much assets then where is the income from which you have generated or acquire the assets to pay tax and if you have so much income, did you pay tax on the income?” he asked.
On the same show, Mr Domelovo expressed his disappointment about the non-verification of assets declared by public officeholders.
He said although some public office holders declare their assets on paper, in most cases the Audit Service officials fail to authenticate the existence of the assets declared.
“What is missing in the Ghanaian situation is verifying the asset to be sure that it is in conformity with what has been declared on paper,” he said.
Latest Stories
-
Police seek diplomatic help to contact US woman who alleged kidnapping by masked officers
11 minutes -
Police arrest four students over Wa Technical Institute riot
20 minutes -
GACC urges stronger youth action in Ghana’s fight against corruption
24 minutes -
Ghanaian journalists trained on cross-media collaboration at SputnikPro seminar
28 minutes -
GTA and GoldBod offer visitors Gold as part of December festivities
29 minutes -
Ghanaian journalists trained on cross-media collaboration at SputnikPro seminar
32 minutes -
Energy Ministry says PURC’s 9% tariff increase needed to protect utilities and fund power investments
1 hour -
African governments urged to adopt Australia-style social media delay for children
1 hour -
Energy Ministry hits back at Minority, says 9% tariff hike modest compared to their 27%
1 hour -
Nyindam says he will consult party, constituents before deciding on Kpandai re-run
2 hours -
Kpandai chiefs urge President Mahama to intervene in election rerun dispute
2 hours -
Underfunding and GH¢12bn arrears crippling education delivery – Ntim Fordjour
2 hours -
I am not troubled; we didn’t cheat – Nyindam responds as Kpandai poll heads for re-run
2 hours -
Investment in data production strengthens governance – Deputy Finance Minister
2 hours -
High Court ruling on Kpandai will stand unless overturned by Supreme Court- Berekum West MP
3 hours
