Audio By Carbonatix
Vice President Mahamudu Bawumia has identified inefficient government bureaucracy, lawlessness and non-compliance among other infractions as key causes of revenue shortfalls in Ghana and other developing economies.
Corruption and other infractions also contribute to Ghana's inability to generate the desired revenue.
Speaking at the ongoing two-day International Tax Conference in Accra, Dr Bawumia said successive governments have over the years ignored the challenge by focusing on crisis management.
That approach, he argues, has not done enough to help the country generate enough revenue to carry through the various developmental projects and policies.
“There's indiscipline, there's corruption, lawlessness, inefficient government bureaucracy. These are characteristics of many countries where you have this major challenge of domestic revenue mobilisation.”
Deliberate non-compliance with taxes among many other infractions, according to the Vice President, are hurting economies that are otherwise in dire need of taxes to carry through developmental projects.
Government has identified the ports as one of the centers of corruption in Ghana and has developed a strategy to tackle the challenge.
Automation of tax clearance certificates which is expected to commence in October this year is one of the major steps the administration has taken to eliminate corruption at the ports and increase revenue mobilisation.
Latest Stories
-
Majority NDC supporters don’t want NPP to elect Bawumia as Flagbearer – Global InfoAnalytics
5 minutes -
OSP director tells Manasseh Azure he can’t do the job better than Kissi Agyebeng
27 minutes -
Police rescue young woman, arrest partner in viral domestic abuse case
29 minutes -
Kissi Agyebeng has survived two assassination attempts – Sammy Darko reveals
32 minutes -
Ghana Scholarships Secretariat schedules Dec. 8 and 9 interviews for Commonwealth applicants
36 minutes -
Agric Minister applauds farmers, highlights new era of innovation at National Farmers Day
44 minutes -
Five districts in Upper East Region selected for gov’t Farmer Service Centres initiative
49 minutes -
Kpebu doubts claims that Akufo-Addo administration interfered with Special Prosecutor
3 hours -
It’s difficult to believe everything the OSP says – Manasseh Awuni
3 hours -
I would’ve blocked Ofori-Atta from leaving Ghana if I were Special Prosecutor – Martin Kpebu
4 hours -
I’m headed for public office, but not the OSP role – Martin Kpebu
4 hours -
I will only submit my allegations to a board, not the OSP’s subordinates – Martin Kpebu
4 hours -
‘I’m still a bit traumatised’ – Martin Kpebu recounts alleged abuse during OSP arrest
4 hours -
Martin Kpebu dismisses claims he seeks to become Special Prosecutor
4 hours -
Martin Kpebu denies verbally abusing OSP officers, says allegations are fabricated
4 hours
