Audio By Carbonatix
Vice President Dr Mahamudu Bawumia has urged the Ghana Revenue Authority (GRA) to capitalise on the connection between the Ghana Card and Tax Identification Number (TIN) to enhance the identification and tax collection processes for individuals and businesses.
Describing the current GRA approach of focusing solely on existing taxpayers as "lazy," Dr Bawumia emphasised the need for a more effective strategy targeting those not yet tax-compliant.
Addressing the 57th Congregation at KNUST on Friday, November 24, the Vice President stated that "By linking the Ghana Card number and the TIN number, GRA can tell who has filed and who has not filed their tax, and so it is rich data that is available to GRA, and I am asking GRA to use that data."
He continued, "It is a very lazy approach to go and keep looking for taxes from people who are paying taxes already when you could look at those who are not paying taxes, who are the vast majority. They should be the ones that GRA should focus on, and we would get more taxes from the vast majority."
Dr Bawumia also advised the GRA to consider implementing a bonus system based on new taxpayers that GRA officers bring into the system.
Furthermore, the Vice President announced that starting from December 2023, the government will introduce a new system where every child born in Ghana will be issued a Ghana Card number.
Dr Bawumia also mentioned that from next year, a credit scoring system will be implemented based on the Ghana Card, rewarding those diligent in loan repayment with lower interest rates and increased access to loans.
Latest Stories
-
PBee releases new single ‘Lose My Mind’ featuring SIICIE today
7 minutes -
Many have been dismissed – Interior Minister exposes forged WASSCE results in security recruitment
10 minutes -
NCA clears MTN, Telecel, Goal for next stage of 5G spectrum licensing
18 minutes -
Father demands probe into death of Central University student in motorway crash
25 minutes -
Transport Minister orders urgent action to tackle surge in port congestion
30 minutes -
NPP national executive election: Here are the ballot positions
36 minutes -
Court orders police to file disclosures in Labone robbery case
43 minutes -
Central Regional Minister lauds Gomoa Central Assembly for effective utilisation of Common Fund
49 minutes -
What must gov’ts do to make food systems drive job creation in Africa? – Fareeda Mustapha asks Rwanda’s Kagame
53 minutes -
Gender Minister calls for equitable gender roles to support girls’ development
54 minutes -
Prioritise rural businesses in Women’s Bank – NETRIGHT urges gov’t
1 hour -
Guinea backs Morocco’s Sahara autonomy plan as ‘sole solution’ to dispute
1 hour -
NDPC, Youth Empowerment Ministry collaborate to mainstream youth into National Development Planning
1 hour -
Mahama calls for rebranding of Ghanaian football
1 hour -
Emeritus Prof John Bright Kobla Aheto, Esq
1 hour