{"id":449482,"date":"2011-06-28T16:23:00","date_gmt":"2011-06-28T16:23:00","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/06\/28\/isodec-calls-on-government-to-support-financial-transaction-tax\/"},"modified":"2011-06-28T16:23:00","modified_gmt":"2011-06-28T16:23:00","slug":"isodec-calls-on-government-to-support-financial-transaction-tax","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/06\/28\/isodec-calls-on-government-to-support-financial-transaction-tax\/","title":{"rendered":"ISODEC calls on government to support financial transaction tax"},"content":{"rendered":"<div readability=\"81.4709677419\">\n<p>You Are Here: <a href=\"http:\/\/www.ghanabusinessnews.com\">Home<\/a> \u00bb <a href=\"http:\/\/www.ghanabusinessnews.com\/category\/general-news\/\" title=\"View all posts in General News\" rel=\"category tag\">General News<\/a> \u00bb ISODEC calls on government to support financial transaction tax<\/p>\n<div>\n<p><span>Page last updated at Tuesday, June 28, 2011 16:16 PM \/\/ <\/span><\/div>\n<p><a href=\"http:\/\/www.ghanabusinessnews.com\/wp-content\/uploads\/2009\/04\/tax.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-8998\" title=\"tax\" src=\"http:\/\/www.ghanabusinessnews.com\/wp-content\/uploads\/2009\/04\/tax.jpg\" alt=\"\" width=\"248\" height=\"210\" \/><\/a>The Integrated Social Development Center (ISODEC) has called on government to join other countries on the continent to work to ensure that the African Union (AU) demonstrates full support for the Financial Transaction Tax (FTT).<\/p>\n<p>\u201cA stable global economic order is a key requirement for Africa\u2019s development and supporting the financial transaction tax would contribute greatly to Africa\u2019s development,\u201d the group said.<\/p>\n<p>A statement issued and signed in Accra on Tuesday by Bishop Akolgo, Executive Director of ISODEC said if the tax failed in its deterrent objective, proceeds from the tax could be used to support the provision of social services and livelihoods in developing countries.<\/p>\n<p>It said the center joined forces with campaigners across the globe, advocating for the introduction of FTT, particularly in the advanced and wealthy nations.<\/p>\n<p>The statement said June 22 had been set aside as the Global Day of Action for FTT, meanwhile campaigners both in Ghana and around the world urged the introduction of such taxes to provide resources for the development to create stable global market conditions essential for the development of poor countries.<\/p>\n<p>It explained that frequent activities and transactions of market speculators were the major sources of instability for global markets and the economies of countries.<\/p>\n<p>The statement, therefore, said: \u201cClearly such activities of market speculators are in the interest of only a few whilst the poor everywhere in the world and developing countries remain perpetual losers in this unsolicited financial gamble.\u201d<\/p>\n<p>It noted that situations such as these provided some reasons why the gap between the rich and the poor, developed and the developing countries kept widening, saying \u201cTo eradicate these practices all must join hands for the demolishing of this financial monster.\u201d<\/p>\n<p>The Center commended former Brazilian President Inacio Lula Da Silva, the 28 low-income Francophone countries who have endorsed the FTT and the 1000 economists led by Jeffrey Sachs and Joseph Stieglitz who wrote to the G20 indicating their support for the FTT.<\/p>\n<p>It expressed the hope that the European Union, the British and American governments would soon demonstrate similar support for the FTT.<\/p>\n<p>Source: GNA<\/p>\n<h4>Comments<\/h4>\n<\/div>\n<p>Read the original here:<br \/>\n<a target=\"_blank\" href=\"http:\/\/www.ghanabusinessnews.com\/2011\/06\/28\/isodec-calls-on-government-to-support-financial-transaction-tax\/\" title=\"ISODEC calls on government to support financial transaction tax\" rel=\"noopener noreferrer\">ISODEC calls on government to support financial transaction tax<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> You Are Here: Home \u00bb General News \u00bb ISODEC calls on government to support financial transaction tax Page last updated at Tuesday, June 28, 2011 16:16 PM \/\/ The Integrated Social Development Center (ISODEC) has called on government to join other countries on the continent to work to ensure that the African Union (AU) demonstrates full support for the Financial Transaction Tax (FTT). \u201cA stable global economic order is a key requirement for Africa\u2019s development and supporting the financial transaction tax would contribute greatly to Africa\u2019s development,\u201d the group said<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-449482","post","type-post","status-publish","format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ISODEC calls on government to support financial transaction tax - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/06\/28\/isodec-calls-on-government-to-support-financial-transaction-tax\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"ISODEC calls on government to support financial transaction tax - Ghanamma.com\" \/>\n<meta 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