Business News of Tuesday, 14 September 2021Source: www.ghanaweb.com• Government has been tasked to rope in more digital structures to generate revenue• The informal sector has over the period evaded paying taxes• The informal sector, experts say account for almost 70% of GDPChristian Sottie, Managing Director of Strategic Mobilisation Limited, has charged government to rope in more digital structures and simplified ways in the area of revenue mobilisation. This he believes will ensure taxes are generated from the informal sector, which experts say, largely account for almost 70 percent of the country’s Gross Domestic Product. In an interaction with Joy Business, Sottie said despite efforts made by government to increase revenue, more needed to be done to ensure that informal sector does not evade taxes. 80% of our economy is made up of the informal sector and 20% the formal sector. Meanwhile, the formal sector pays about 90% of the taxes, whiles the informal sector pays less than 10% of revenue.
