body-container-line-1

We have to reform, refocus GRA towards broadening the tax base – Bawumia

Economy & Investments We have to reform, refocus GRA towards broadening the tax base – Bawumia
FEB 8, 2024 LISTEN

Flagbearer of the New Patriotic Party (NPP), Dr. Mahamudu Bawumia has proposed a reform of the Ghana Revenue Authority (GRA) to increase the country’s revenue mobilisation agenda.

In his national address on Wednesday, February 7, the Vice President said for the country to increase its tax revenue, GRA should be refocused towards broadening the tax net.

According to him, the pressure placed on GRA staff to collect revenues forces them to focus too much on existing taxpayers.

This, Dr. Bawumia insists is not the way to go and must change.

“To increase government tax revenue, we have to reform and refocus the Ghana Revenue Authority (GRA) towards broadening the tax base. Unfortunately, the pressure that is placed on GRA staff to collect revenues makes them focus on existing taxpayers. Sometimes they even have to go to sit in people's shops to monitor sales (a process known as invigilation).

“In fact, many businesses feel harassed by this process and the constant audits of their operations. This has to stop,” Dr. Mahamudu Bawumia stressed.

The flagbearer of the New Patriotic Party proposes that the government must strike the right balance between collecting revenue and allowing businesses to thrive, insisting that the job of government is to protect the productive forces.

Meanwhile, Dr. Mahamudu Bawumia has promised to abolish the E-Levy, VAT on electricity, and emission levy.

Eric Nana Yaw Kwafo
Eric Nana Yaw Kwafo

JournalistPage: EricNanaYawKwafo

body-container-line