Business News of Monday, 18 November 2019Source: ghananewsagency.orgGovt to ensure more tax compliance, domestic revenue in 2020Deputy Finance Minister, Kwaku KwartengDeputy Finance and Economic Planning Minister, Kwaku Kwarteng, on Monday, underlined the government’s determination to tighten tax compliance to generate more revenue to finance development activities. The revenue mobilisation bodies would be automated and there would be the tightening of compliance so that every revenue earner would pay the rightful taxes. The Deputy Minister said it was important to ensure that the take or pay contracts were stopped. He suggested a relook at some of the take or pay contracts to see if they had not caused financial loss to the state. The Deputy Finance Minister said by 2018, the economy was growing at 6.3 per cent and asked why the NDC should doubt the performance of the governing New Patriotic Party (NPP).

Source: GhanaWeb November 18, 2019 18:56 UTC