Business News of Friday, 7 February 2020Source: www.ghanaweb.comGhana failed to mobilize expected non-tax revenue due to poor fiscal discipline – UN ReportAkufo-Addo, Prez GhanaThe United Nations Economic Commission for Africa(ECA) has blamed Ghana’s failure to realize its expected non-tax revenue on poor fiscal discipline. Taxation reforms and improvement in non-tax revenue will extricate Ghana from the debt trap, the report stated. The Economic Report on Africa 2019 said the common denominator facing the African countries in debt distress has been low government revenue. In the release, Ghana’s revenue to GDP was below 20 percent same as Sudan, Chad, Zimbabwe, Ghana, and Ethiopia. The report further stated that addressing these challenges could mobilize additional revenue to finance sustainable development and Agenda 2063 aspirations.

Source: GhanaWeb February 07, 2020 13:52 UTC