Less than two million Ghanaians pay tax – Tax consultant

December 30, 2020
Less than two million Ghanaians pay tax – Tax consultant

Business News of Wednesday, 30 December 2020

Source: GNA

He said Ghana collected less tax and relied mostly on external help He said Ghana collected less tax and relied mostly on external help

About 1.5 million out of the six million eligible Ghanaian tax payers pay tax, allotting Ghana one of the lowest Tax to Gross Domestic Product (GDP) ratio in Africa.

back link building services=0></a></div><p>Ghana therefore has a lot to do to meet the Sub-Saharan average target of 17 per cent which is above the nation’s 13 per cent mark as her various governments have over the years tried to upscale.</p><p>Mr John Okyere, a tax consultant and a businessman, disclosed these to the media in Accra during a dissemination meeting on promoting equity in tax incentives/exemptions based on the findings of a two-fold research conducted by the Ghana Anti-Corruption Coalition (GACC).</p><p>He said Ghana collected less tax and relied mostly on external help; International Monetary Fund, World Bank, Bond and others, but lost huge amounts to leakages.</p><p>Mr Okyere said Ghana lost 10 billion dollars in tax exemptions in the last two years, stating that there was the need to mobilise more funds through Domestic Revenue Mobilisation (DRM).</p><p>Mr Bernard Anaba, a Policy Analyst with ISODEC, said without taxes, governments could not plan and implement policies properly, adding that citizens should be involved in the raising and spending of taxes as they played an important role in national development.</p><div class='code-block code-block-5' style='margin: 8px 0; clear: both;'> <a href=https://www.adhang.com/guest-posting-services/ ><img class=lazy src=

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