Audio By Carbonatix
Economist, Professor Ebo Turkson, has urged government to block revenue leakages that have bedeviled the country’s revenue mobilisation system for ages.
Ghana loses more than GH¢5.6 billion annually in tax revenue.
According to the Economist, till government creates an environment that encourages tax payers to be tax-compliant, the country will continue to lose large volumes of revenue yearly.
He made this suggestion to offer alternatives to the government's move to introduce new tax measures as a means of reaching an IMF board approval for $3billion bailout.
Speaking on JoyNews’ PM Express Business Edition, he said “We need to build systems in place to ensure that we keep to the barest minimum the leakages that leave the revenue stream. And it’s very very important that we do this.”
Citing the situation at Ghana’s ports and habours, he stated that the use of various government agencies to collect taxes and invoices has created space for people to evade taxes rather than comply due to how complicated the system is.
He urged government to ramp up its digitalization drive to put all the tax and invoice requirement on a single government platform to ease business at the ports.
“For instance, the number of government agencies for instance at the ports that are collecting revenue for government, can we reduce the number of them and still getting more of these revenue. Because you see, the more you put in place some of these institutions and these taxes, the easier it is for people to evade those taxes for convenience. So let the process be so straightforward so that tax payers will comply easily so that it doesn’t waste their time,” he said.
Latest Stories
-
Women are naturally attracted to power and influence – Dr Vanessa Apea
1 minute -
Former Suame MCE blames Naa Torshie for NPP’s 2024 election loss over DACF mismanagement
12 minutes -
Ghana orders four helicopters for defence and transport operations – Airbus
14 minutes -
GPRTU disassociates itself from illegal transport fares
28 minutes -
Concerned Drivers demand removal of Transport Minister over worsening Accra transport crisis
36 minutes -
Only 80 of 245 Ayalolo buses are currently in operation – GAPTE acting MD
46 minutes -
GOIL PLC posts impressive share price gains on GSE in 2025
52 minutes -
US not “heaven”; Ghana must be built to keep its people home – Solomon Owusu
2 hours -
Daily Insight for CEOs: The CEO’s role in financial discipline and cash flow focus
2 hours -
WAFCON 2026: Who could Black Queens face in group stage?
2 hours -
Fidelity Bank honours agents, unveils 2026 roadmap to revolutionise agency banking
2 hours -
GES declares January 23 as National CPD Day for teachers
2 hours -
Azamati signs with Swiss sportswear brand On
2 hours -
Metro Mass cuts intercity trips to boost Accra intracity services during rush hours
2 hours -
Black Star Brokerage alleges BoG dropped its FX licence without notice
3 hours
