Introduction
Parts III started the analysis of revenue mobilization while the ensuing tables (Part IV) show that, at its peak of 13.5 per cent in 2015, the tax effort fell below the Sub-Saharan African (SSA) average of 17.5-to-18.0 per cent of GDP. Estimates show that the ratio will decline further for five or more years. Part V to Part VII will focus on expenditure and broader fiscal outcomes.
Among others, the decline from the SSA average, achieved previously, is the result of expansion in the denominator, due to:
- GDP rebasing in 2010 and 2018, resulting in increases of 60 per cent and 25 per cent, respectively; and - Petroleum: the start and expansion of crude oil and gas production, exports, and processing (for domestic power consumption)—now up to 3 oil fields and growth reaching peaks of 14 per cent (2012) and 8 per cent (2017). Read the full article below.DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
Latest Stories
-
GEPA calls for simplified digital systems to enhance cross-border trade
2 mins -
Akufo-Addo calls on Otumfuo as he commends Asanteman for the support
2 mins -
Akufo-Addo inaugurates reconstructed Atafoa bridge
4 mins -
‘We’ll do better than 2020’ – Sammi Awuku predicts NPP votes surge in 2024
14 mins -
Ghana-Diaspora Home Purchase Expo 2024 set to take off
18 mins -
2024 elections is a choice between the future and the past, says Sammi Awuku
22 mins -
Thousands of Christians pray for Bawumia at Hebron Prayer Camp
35 mins -
Bawumia taunts Mahama for his poor housing record as he commissions 1,000 TDC houses
44 mins -
Election 2024: Key Highlights of National Election Security Taskforce meeting with EC held on November 26, 2024
1 hour -
‘Flawed from the start’ – Martin Amidu dismisses Supreme Court ruling backing Majority Leader
2 hours -
Afenyo-Markin’s bended knees recall plea insulting to electorate, waste of public funds – Martin Amidu
2 hours -
Martin Amidu: The majority leader’s memorandum to recall Parliament is needless now
3 hours -
Parliamentary disruption is a self-inflicted wound – Speaker’s lawyer criticises Supreme Court plaintiff’s actions
3 hours -
Seeds are more expensive than gold – Netherlands Ambassador calls for collective action on Agrobiodiversity
4 hours -
Grandad Sings: The 92-year-old TikTok sensation
4 hours