Business News of Saturday, 25 January 2020Source: www.ghanaweb.comWidening tax net sure way to shore up Ghana’s revenue – EconomistLecturer at the Economic Department of the University of Ghana, Dr. Adu Owusu SarkodieLecturer at the Economic Department of the University of Ghana, Dr. Adu Owusu Sarkodie, says widening of the tax net is a sure way to shore up the country’s revenue base. Dr. Adu Sarkodie gave this advice during an exclusive interview with GhanaWeb business. Statistics indicate that only 1.2 million out of 6 million economically active people in Ghana pay taxes. Dr. Adu Owusu Sarkodie, who admitted that there are leakages in tax generation of the country, recommended that the GRA deploy robust digital services to plug loopholes in the tax systems of the country. Over the years, Ghana’s budgets have suffered perennial deficits partially on account of low domestic tax revenue mobilisation which statistically hover around 18% of Gross Domestic Product (Danquah & Osei-Assibey, 2016).

Source: GhanaWeb January 25, 2020 11:37 UTC