Audio By Carbonatix
For government to realise more revenues for its policies and programs and to get the economy out of the current crisis it finds itself in, there is the need to pay particular attention to digitalisation and digitisation, according to economist, Dr Adu Owusu Sarkodie.
“Government can get so much revenues if it leverages on digitalisation and digitisation. Marry digitisation and revenue collection to ensure revenue leakages” the lecturer with the Department of Economics, University of Ghana said.
“Tax certificates must be presented before essential services like passports, driver's licenses, etc are acquired” he added.
Dr Sarkodie also pointed out the tax sectors that are growing fast. He mentioned the service, industrial and agric sectors as areas that would give government so much revenue.
He also urged government to focus attention on some key sources of revenue generation.
“Property rates and tax exemption bill should be accelerated. Property rates can rake in ¢16 billion annually. ¢8 billion can also be realised from the informal sector” he opined.
Tax exemptions, he observed, can be cut by ¢5 billion to help reduce pressures on government’s finances.
Dr Sarkodie expressed these sentiments during the Danquah Institute’s Economic Forum which took place at the ISSER building at the University of Ghana, Legon on Friday, December 9, 2022.
The forum was also attended by Dr George Domfeh, Dr Kwadwo Opoku with Professor Eric Osei Assibey as chairman.
Latest Stories
-
Sesko score twice as Fletcher’s Man United held at Burnley
4 minutes -
24-Hour Economy delay: Full manifesto delivery takes more than a year- Sanja Nanja
18 minutes -
Adekunle Gold and Simi welcome twins
30 minutes -
Carrick and Solskjaer frontrunners for Man United caretaker role
34 minutes -
U.S. Immigration authorities detain Ken Ofori-Atta over visa status
36 minutes -
Barca make Spanish Super Cup history to book semi final spot
47 minutes -
FIFA will scan World Cup players to make offside avatars
57 minutes -
Former England boss Kevin Keegan diagnosed with cancer
1 hour -
‘Stop calling me Davido’s wife’ – Sophia Momodu warns fans
1 hour -
Jimmy Aglah: The price of gold – the fight for Sikakrom’s soul
1 hour -
Regina Daniels finally surrenders self for drug test
2 hours -
Burna Boy’s ‘I Told Them’ becomes highest-grossing tour by African artist in history
2 hours -
Photos: Interdenominational Thanksgiving Service to mark one year of Mahama presidency
3 hours -
Rating agencies may maintain Ghana’s B- rating since risks persist – Professor Peprah
3 hours -
It is too early to say cedi stability is sustainable, wait till IMF programme is over – US-based Associate Professor
3 hours
