Audio By Carbonatix
Vice President Mahamudu Bawumia has identified inefficient government bureaucracy, lawlessness and non-compliance among other infractions as key causes of revenue shortfalls in Ghana and other developing economies.
Corruption and other infractions also contribute to Ghana's inability to generate the desired revenue.
Speaking at the ongoing two-day International Tax Conference in Accra, Dr Bawumia said successive governments have over the years ignored the challenge by focusing on crisis management.
That approach, he argues, has not done enough to help the country generate enough revenue to carry through the various developmental projects and policies.
“There's indiscipline, there's corruption, lawlessness, inefficient government bureaucracy. These are characteristics of many countries where you have this major challenge of domestic revenue mobilisation.”
Deliberate non-compliance with taxes among many other infractions, according to the Vice President, are hurting economies that are otherwise in dire need of taxes to carry through developmental projects.
Government has identified the ports as one of the centers of corruption in Ghana and has developed a strategy to tackle the challenge.
Automation of tax clearance certificates which is expected to commence in October this year is one of the major steps the administration has taken to eliminate corruption at the ports and increase revenue mobilisation.
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
21 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
