{"id":404523,"date":"2017-07-23T21:02:17","date_gmt":"2017-07-23T21:02:17","guid":{"rendered":"https:\/\/ghana-mma.com\/2017\/07\/23\/government-upbeat-of-meeting-revenue-target\/"},"modified":"2017-07-23T21:02:17","modified_gmt":"2017-07-23T21:02:17","slug":"government-upbeat-of-meeting-revenue-target","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2017\/07\/23\/government-upbeat-of-meeting-revenue-target\/","title":{"rendered":"Government upbeat of meeting revenue target"},"content":{"rendered":"<p><\/p>\n<div id=\"medsection1\">\n<!-- End of html generated by this->header() --><\/p>\n<p class=\"floatLeft\">Business News of Sunday, 23 July 2017<\/p>\n<p class=\"floatRight\"><strong>Source: <\/strong>citifmonline.com<\/p>\n<p>2017-07-23<\/p>\n<div class=\"article-left\">\n<p class=\"article-image\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2017\/07\/90970700.295.jpg\" alt=\"Kwaku Kwarteng Llhnm\" title=\"Kwaku Kwarteng Llhnm\" width=\"295\" height=\"163\" \/><span class=\"image_caption\"><span>Kwaku Kwarteng, Deputy Finance Minister<\/span><\/span><\/p>\n<div class=\"noPrint\">\n<div id=\"537626303\" style=\"width:300;height:250;margin:0;padding:0\">\n\t\t  <noscript><iframe loading=\"lazy\" id=\"b2ad7fa7fd\" name=\"b2ad7fa7fd\" src=\"http:\/\/ghanaweb-d.openx.net\/w\/1.0\/afr?auid=537626303&amp;cb=149916385127052\" frameborder=\"0\" scrolling=\"no\" width=\"300\" height=\"250\"><a href=\"\/\/ghanaweb-d.openx.net\/w\/1.0\/rc?cs=b2ad7fa7fd&amp;cb=149916385127052\">&#13;<br \/>\n\t\t  <img decoding=\"async\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2017\/07\/1500843737_435_ai\" border=\"0\" alt=\"\" \/><\/a><\/iframe><\/noscript>\n\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<p style=\"clear:right\"> Government has stated it will meet its domestic revenue mobilization target by the end of this year.<\/p>\n<p>Although the government initially set a 12 billion cedis target in revenue mobilization for the first quarter of this year, it was able to collect about 10 billion cedis.<\/p>\n<p>But speaking on the Citi Breakfast Show, Deputy Finance Minister, Kwaku Kwarteng said current strategies and reforms being put in place suggest that government will meet its 34 billion cedis target by close of the year.<\/p>\n<p>\u201cFrom May I am beginning to see a change in the trend. I will only request that we all exercise patience because not only are we monitoring these revenue flows, we still haven\u2019t completed with the reforms in customs, domestic revenue. We have a lot of interventions there. But the major point I\u2019m making is that these strategies are on course and if the trend I am seeing now continues, I am sure we will meet our revenue target by the close of the year.\u201d he said.<\/p>\n<p>He added that \u201cWe will do all it takes to turn the problem of revenue mobilization, especially in the last five years where we kept under performing and we never dealt with it, we will deal with those underlying issues and ultimately it will help our desire to measure the taxation and the borrowing. We will get there.\u201d<\/p>\n<p>Meanwhile, Mr. Kwarteng admitted that government has not yet raised enough internal revenue to reduce the country\u2019s dependence on external sources of funding although he assures the country will be dependent soon.<\/p>\n<p>\u201cAt this time we have not improve domestic revenue, it means reforming institutions, it means changing the culture within your revenue agencies which we are doing, it means given tax policies to have a tax regime that provides incentives where necessary, penalties where necessary and that seeks to improve ultimately. You have seen the reorganization of value added taxation to make it difficult for those who have been abusing the input output arrangement. We are doing a lot of things and I am confident.\u201d he stated.<\/p>\n<p><!-- uploaded by: 35 updated by: -1 --><\/p>\n<p><!-- Start of html generated by this->footer() -->\n<\/div>\n<p>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a style=\"display:none\" rel=\"follow\" href=\"http:\/\/megatheme.ir\/\" title=\"\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633\">\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Business News of Sunday, 23 July 2017 Source: citifmonline.com 2017-07-23 Kwaku Kwarteng, Deputy Finance Minister &#13; Government has stated it will meet its domestic revenue mobilization target by the end of this year. Although the government initially set a 12 billion cedis target in revenue mobilization for the first quarter of this year, it was [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":403644,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-404523","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Government upbeat of meeting revenue target - 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\/2017\/07\/23\/government-upbeat-of-meeting-revenue-target\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Government upbeat of meeting revenue target - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Business News of Sunday, 23 July 2017 Source: citifmonline.com 2017-07-23 Kwaku Kwarteng, Deputy Finance Minister &#013; Government has stated it will meet its domestic revenue mobilization target by the end of this year. 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