
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
-
Can pan-Africanism survive Africa’s democratic challenges?
6 minutes -
Judiciary must embrace technology, reforms — Prof Bondzi-Simpson
20 minutes -
Cyber Security Authority warns of online investment scams as victims lose GH¢3.4m in six months
34 minutes -
Pharmaceutical Society backs 24-Hour Economy, seeks security and tax relief for pharmacies
44 minutes -
God or Prophet? – Queen Liz explores the identity of Jesus Christ
49 minutes -
Ukraine warns of interceptor missile shortage as 18 killed in Kyiv region
50 minutes -
Barker-Vormawor asks court to compel Attorney-General to disclose whereabouts of “Abu Trica”
54 minutes -
Political communication in Ghana: Are we informing citizens or winning arguments?
55 minutes -
Accra court remands man over alleged GH¢114,000 fraud in travel visa scheme
56 minutes -
Police investigate death of young woman found hanging in Anyinamso bush
1 hour -
Africa’s future would have to be shaped by African solutions – World Food Prize Foundation President
1 hour -
Showbiz and sports personalities urged to protect their intellectual property
1 hour -
Bosomtwe DCE moves to declare district security zone over illegal mining destruction
1 hour -
Gov’t to expand medical education to improve doctor-to-patient ratio – Education Minister
2 hours -
Africa Energy Technology Centre presents Africa’s energy future strategy to Mahama
2 hours