Vice President Mahamudu Bawumia has identified inefficient government bureaucracy, lawlessness and non-compliance among other infractions as key causes of revenue shortfalls in Ghana and other developing economies.
Corruption and other infractions also contribute to Ghana's inability to generate the desired revenue.
Speaking at the ongoing two-day International Tax Conference in Accra, Dr Bawumia said successive governments have over the years ignored the challenge by focusing on crisis management.
That approach, he argues, has not done enough to help the country generate enough revenue to carry through the various developmental projects and policies.
“There's indiscipline, there's corruption, lawlessness, inefficient government bureaucracy. These are characteristics of many countries where you have this major challenge of domestic revenue mobilisation.”
Deliberate non-compliance with taxes among many other infractions, according to the Vice President, are hurting economies that are otherwise in dire need of taxes to carry through developmental projects.
Government has identified the ports as one of the centers of corruption in Ghana and has developed a strategy to tackle the challenge.
Automation of tax clearance certificates which is expected to commence in October this year is one of the major steps the administration has taken to eliminate corruption at the ports and increase revenue mobilisation.
Latest Stories
-
Mozambique bans protests after weeks of post-poll violence
1 min -
Who wins when Nigeria’s richest man takes on the ‘oil mafia’?
17 mins -
Grandma with chunky sunglasses becomes unlikely fashion icon
26 mins -
‘I may not be human but I sing from my soul’ – AI divides African musicians
37 mins -
Rescuers send water through holes to building collapse trapped in Tanzania
47 mins -
Miss Nigeria’s pride after defying trolls to challenge for Miss Universe
1 hour -
Trump names fracking executive Chris Wright energy secretary
1 hour -
‘Tribalism, partisanship and lawlessness are the biggest obstacles to our development’ – Togbe Afede XIV
1 hour -
Rabiot double seals top spot for France
2 hours -
Police vow to arrest South African miners as standoff continues
2 hours -
Togbe Afede XIV livid about state of Ghana’s economy, scandals in government
2 hours -
Top Republican says Trump nominees are ‘disruptors’
2 hours -
Undocumented migrants hope Trump mass deportations only ‘for criminals’
2 hours -
Final phase for mass rape trial that has horrified France
3 hours -
Trump, Musk and new cabinet nominees celebrate at UFC
3 hours