Audio By Carbonatix
Economist, Professor William Baah-Boateng, has lamented that Ghana may struggle with its revenue mobilisation if proper measures are not put in place.
According to him, successive government have failed to address the challenges due to a lack of appropriate strategy.
Speaking to George Wiafe on PM Express, Professor Baah-Boateng who is also the Head of the Economics Department, University of Ghana, stressed on the need for a more robust system in tackling revenue leakages across all sectors, rather than expanding the net.
“I think we will continue to battle with revenue collection. We keep expanding the tax net, yet we are not getting what we want, which means we are not doing something right”.
“We see government agencies collecting taxes yet we see less of these amounts for developmental projects”, he bemoaned.
Professor Baah-Boateng further asked the government to implement policies based on science and data.
He explained that government should not haste in making decisions due to crises that will crowd out the private sector.
“Policies made should be based on research, science and data. We have a lot of policies that seem to be ineffective”.
Widening the domestic tax base of the economy has been a subject matter that has received hefty attention of successive governments over years in most parts of the world.
As a result, Ghana have created numerous efforts directed at mobilising as much as possible tax revenue to assist government expenditures on developmental, social, recurring and interventional projects over the years.
These efforts of tax mobilisation are dear to governments for the achievements of fiscal consolidation and higher tax revenue to Gross Domestic Product (GDP) ratio.
Latest Stories
-
Anti-LGBTQ Bill: NDC’s arrogance is worrying – Hassan Tampuli
7 minutes -
Let’s give OSP time to mature, not to scrap it – Hassan Tampuli
11 minutes -
Nigeria convicts 386 Islamist militants in mass trials
16 minutes -
Djibouti president wins election with 97.8% of vote, state media says
20 minutes -
We don’t have mandate to deduct tax from rent allowance of security services personnel – Interior Ministry clarifies
35 minutes -
Ablakwa receives Presidential Special Envoy on Reparations to advance global agenda
52 minutes -
Christina Koch becomes first woman to travel around the moon on Artemis II
1 hour -
Epstein survivors’ calls to meet King Charles and Queen harder to ignore as US visit approaches
1 hour -
UN Secretary-General names Ghana’s Anita Kiki Gbeho as South Sudan envoy
1 hour -
Mali withdraws recognition of Sahrawi Republic, backs Morocco’s autonomy plan
1 hour -
Gov’t distributes over 8,500 laptops to One Million Coders project
1 hour -
Julius Debrah, ‘man to beat’ as NDC’s James Agbey dismisses Musah Dankwah’s polls
1 hour -
GPRTU in Savannah Region to protest alleged eviction in Damongo
2 hours -
Re: Reinsurance does not replace process — A response to the SIGA–SIC defence
2 hours -
Gender Ministry supports Harriet Amuzu in ongoing abuse case
2 hours