Our Impact

The new taxes will collapse banks and businesses

Government must ensure efficient means of revenue mobilisation rather than continuously rolling out new taxes which will end up confronting the existing challenge of inefficiency in mobilising the revenue. Domestic revenue mobilisation (DRM) is the generation of government revenue from domestic resources via tax or non-tax sources. Improving DRM in developing countries is a crucial factor in sustainable development. According to research conducted by the Ghana Anti-Corruption Coalition (GACC) in 2020, about 1.5 million out of the six million eligible Ghanaian taxpayers pay lax, making Ghana have one of the lowest tax to Gross Domestic Product (GDP) ratios in Africa…

Source: https://www.ghanaweb.com/GhanaHomePage/business/The-new-taxes-will-collapse-banks-and-businesses-1749635

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