Audio By Carbonatix
A Professor of Finance and Economics at the University of Ghana, Professor Godfred Bokpin has called on the government to simplify the electronic tax payment system to encourage compliance and reduce the burden on taxpayers.
Speaking on Joy FM’s Super Morning Show during a discussion on the economy, Prof Bokpin said the current tax system is too complex for many people, making it difficult for them to comply.
“Let’s simplify the tax system and make it easy to comply with, without imposing a substantial burden in terms of compliance cost,” he said.
He explained that tax education alone is not enough and stressed that making the system easy to use is key.
“We have made the tax environment look like a technical intervention, but not everyone has that technical knowledge to comply. So, simplification is very important,” he noted.
Prof Bokpin also said that people are more likely to pay taxes when they see how the revenue is used.
“Tax compliance increases when the taxpaying population sees how those tax revenues are utilised effectively and efficiently in the delivery of public service,” he added.
He advised the new government not to rush into scrapping policies introduced by the previous government but rather review and improve them not only in the tax area but other areas too.
“Sometimes when there is a change in government, we are in a hurry to throw away all that the previous government was doing. I think going forward, the government should hasten slowly, review many of those interventions and see where strengths and weaknesses are,” he said.
Latest Stories
-
Police announce road closures in Accra for 69th Independence Day celebrations
2 minutes -
Vice President honours 52 students at President’s Independence Day Awards
19 minutes -
GRA Customs seizes 560 suspected galamsey engines at Tema Port
30 minutes -
Students, parents advised against risky activities during Independence Day celebrations
33 minutes -
We paid a price but will tackle Iran threat — Israeli Ambassador reveals as 11 Israelis killed, 121 injured
49 minutes -
Ghana to face Wales in Cardiff as World Cup preparations intensify
1 hour -
Healey visits Cyprus after criticism of UK response to drone attacks
1 hour -
DR Congo government says 200 killed after landslide at rebel-held mine
1 hour -
New generation of dancers taking Ghanaian culture global—Terry Ofosu
1 hour -
Britney Spears arrested in California
1 hour -
From Ghana to Canada: Dr Akwesi Owusu Bempah champions the fight against racial disparities and crime
1 hour -
Walid Regragui leaves Morocco role ahead of World Cup; Ouahbi tipped to replace him
1 hour -
Nepalis vote in first election since Gen Z uprising for change
1 hour -
Useless Column: ‘He was not Rawlings’
1 hour -
Why I gave my prize money from a dance competition to Slim Buster—Veteran Dancer
2 hours
