The Finance Minister, Ken Ofori-Atta has reiterated the government’s resolve to improve the country’s tax-collection regime and thereby increase revenue by intensifying tax compliance and plugging current revenue leakages.
Ken Ofori-Atta, Finance Minister said that the government’s internal investigations revealed that there are “inbound leakages on goods arriving in the country” and this is affecting the revenue performance of the Ghana.
The Minister stated in his mid-year budget review while explaining the measures government plans to put in place to check the leakages, that tax evaders and corrupt officials will be prosecuted in accordance with the laws of the country, adding that Ghanaians should expect institutional reforms at the Ghana Revenue Authority [GRA].
“As part of efforts to improve revenue performance, we will intensify tax compliance and plug existing revenue leakages. Investigations we have undertaken shows inbound leakages on goods arriving in the Ghana.”
The Minister said“these initiatives will include prosecutions of tax evaders and corrupt tax officials, a special VAT Attack force to ensure enforcement and deepen VAT penetration from the current low levels of 11 per cent, and institutional reforms at GRA.
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