Audio By Carbonatix
The Institute of Statistical, Social and Economic Research (ISSER) is asking government to find alternative ways of raising revenue to reduce over-dependence on traditional cocoa and other agricultural commodity export.
Director of the Institute, Professor Felix Asante, mentions specifically broadening of the tax net to cover people outside government payroll.
According to him, high government expenditure and increasing demand for remuneration by workers are making difficult to run its business and provide social services.
He cites the National Identification Programme as one manageable means to ensure equitable taxation of Ghanaians.
The ISSER Director observes though poverty indicators show positive results, the situation on the ground proves otherwise.
At a workshop in Kumasi to discuss a report on the Ghanaian economy for 2012, Professor Asante pointed out agriculture must be ran as business and not allow the fate of peasant farmers to be determined by the weather.
Agriculture accounted for about 50 per cent of national employment and a little over 22 per cent of the country’s Gross Domestic Product in 2012.
The sector registered a 1.3 per cent growth, compared to 0.8 per cent rate of 2011, but below the target of 4.8 per cent.
Participants at the workshop believe if much is done, the Ghanaian economy would grow.
Latest Stories
-
Ghanaian bags $20,000 Stanford Impact Prize
4 minutes -
Adopt sustainability reporting now – Deloitte Assurance Services Partner to insurance firms
9 minutes -
Joseph Opoku named Jupiler Pro League April Player of the Month
21 minutes -
John Darko praises Suame Municipal Hospital as legacy of Akufo-Addo’s healthcare agenda
33 minutes -
DR Congo president hints at extending his term and delaying polls
35 minutes -
Africa leads in female entrepreneurship but faces gaps in opportunity access – Sylvester Mensah
37 minutes -
GJA President represents Ghana at IFJ Centenary Congress in Paris
41 minutes -
Mahama, appointees donate GH¢6.1m to Mahama Cares Fund
47 minutes -
Ghana launches Ghana House initiative ahead of Glasgow 2026 Commonwealth Games
49 minutes -
Africa cannot rise without full power of women—Exim Bank CEO
50 minutes -
Letshego sells operations in Ghana, 4 other African markets
51 minutes -
Dr Eli Atukpui urges Health Minister to refer Charles Amissah report to Medical and Dental Council for action
52 minutes -
Ghana Exim Bank CEO calls for bold female leadership to drive Africa’s transformation
55 minutes -
APL report says macroeconomic gains yet to improve living conditions of Ghanaians
55 minutes -
MIIF delegation visits Newmont Ahafo North Mine
60 minutes