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
-
Let’s save lives – Akandoh tells hospital staff
10 minutes -
Kwakye Ofosu defends economic record, criticises previous administration
11 minutes -
You inherited a dark Ghana, today it is bright – Ayariga hails Mahama’s leadership
23 minutes -
Daily Insight for CEOs: Reflecting, Adjusting, and Recalibrating.
36 minutes -
From a broken tripod to millions of views – ‘Three of a Kind’ content creators share their journey
42 minutes -
Group launches nationwide campaign against illicit trade amid declining government revenue
42 minutes -
Access Bank donates 1st tranche of 1million sanitary pads
48 minutes -
Ghana’s future relies on every citizen’s contribution — President Mahama
48 minutes -
Mahama pledges military modernization with new bases, helicopters, and expanded forces
50 minutes -
Parliament erupts in chants as Majority, Minority trade symbols after Mahama’s SONA
52 minutes -
SONA 2026: One year, still slogans – Afenyo-Markin blasts Mahama
57 minutes -
SONA 2026: Afenyo-Markin slams gov’t performance over electricity, cocoa, and galamsey challenges
1 hour -
Give to Bawumia what belongs to him – Afenyo-Markin credits former Veep for Gold-for-Reserve Policy
1 hour -
Mahama announces AICC renovation, plan for new convention centre
1 hour -
The Entrepreneurial Agenda: Institutionalising financial capacity for MSME growth
1 hour
