GRA must tackle tax leakages and expand informal sector taxation – Asantehene
Asantehene Otumfuo Osei Tutu II has urged the Board and Management of the Ghana Revenue Authority (GRA) to intensify efforts to bring more individuals and businesses in the informal sector into the tax system to increase domestic revenue for national development. While acknowledging the progress made by the GRA under its current leadership, Otumfuo emphasized the significance of expanding tax coverage to the informal sector, which currently remains outside the tax net.
He suggested that groups such as hairdressers, mechanics, and drivers could be encouraged to form cooperatives to facilitate their integration into the tax system. Otumfuo also called for the GRA to explore innovative approaches to tax collection and strengthen existing mechanisms to minimize revenue leakages, commending the Authority for improvements in revenue mobilisation while urging it to address remaining gaps.
The GRA's Board Chairman, Ricketts Hagan, acknowledged the Authority's efforts to implement tax reforms aimed at improving revenue collection and tax administration, citing the introduction of new systems like Publican AI as part of these measures.
Brief written by urgent.news from MyJoyOnline Ghana's own syndicated text. Machine-written — it may contain errors, so check the original before relying on it.
