{"id":744761,"date":"2019-11-14T17:18:41","date_gmt":"2019-11-14T17:18:41","guid":{"rendered":"https:\/\/ghana-mma.com\/2019\/11\/14\/governments-2020-revenue-target-unachievable\/"},"modified":"2019-11-14T17:18:41","modified_gmt":"2019-11-14T17:18:41","slug":"governments-2020-revenue-target-unachievable","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2019\/11\/14\/governments-2020-revenue-target-unachievable\/","title":{"rendered":"Government&#8217;s 2020 revenue target unachievable"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"td-post-featured-image\">\n<figure><img loading=\"lazy\" decoding=\"async\" width=\"696\" height=\"464\" class=\"entry-thumb td-modal-image\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2019\/11\/Budget-2020-4-1-696x464.jpg\"   alt=\"\" title=\"Ken Ofori-Atta\"\/><figcaption class=\"wp-caption-text\">Ken Ofori-Atta, the Finance Minister<\/figcaption><\/figure>\n<\/div>\n<p><iframe loading=\"lazy\" width=\"100%\" height=\"260px\" src=\"https:\/\/clip.afrad.io\/?clipId=y59tuKwsoETWMMj4K\" frameborder=\"0\"><\/iframe><\/p>\n<p>A tax expert has contested government\u2019s ability to<br \/>\nachieve its revenue target for 2020 as captured in the 2020 budget presented to<br \/>\nParliament on Wednesday.<\/p>\n<p>Although Kwaku Adjei Nyamekye lauded government\u2019s strategy to increase production in the country so as to be able to meet its revenue target for 2020, he argued that, measures needed to be put in place to boost production for government to be able to meet its revenue target were lacking in the budget.<\/p>\n<p><strong>ALSO: Listen: Torture of 6-year-old boy an act of wizardry \u2013 MP<\/strong><\/p>\n<p>\u201cThe Finance Minister said there will be no new taxes because we want to increase production to get the needed revenue, but I haven\u2019t seen any measure put in place to help us get the needed revenue by doing those productive things that will help us meet our revenue target going into 2020,\u201d he said in an interview on Adom Fm\u2019s <strong>Dwaso Nsem<\/strong> Wednesday.<\/p>\n<p><strong>ALSO: Listen: Torture of 6-year-old boy an act of wizardry \u2013 MP<\/strong><\/p>\n<p>Mr Nyamekye was of the view that with government not increasing taxes but still holding on to  abolishing certain taxes and import duties, if proper revenue mobilisation measures are lacking, the government will continue to miss its revenue targets.<\/p>\n<p>He further urged the government to look at areas it couldn\u2019t previously tax and begin taxing those areas.<\/p>\n<p><strong>ALSO: 2020 as \u2018year of roads\u2019 not for election \u2013 Ursula Owusu<\/strong><\/p>\n<p>He also said increased efforts in taking property rates could greatly help the government in achieving its revenue target and urged the Ministry of Finance, Ghana Revenue Authority and the District Assemblies to work hand-in-hand in mobilising revenue from that area.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ken Ofori-Atta, the Finance Minister A tax expert has contested government\u2019s ability to achieve its revenue target for 2020 as captured in the 2020 budget presented to Parliament on Wednesday. Although Kwaku Adjei Nyamekye lauded government\u2019s strategy to increase production in the country so as to be able to meet its revenue target for 2020, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":744762,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-744761","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Government&#039;s 2020 revenue target unachievable - 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\/2019\/11\/14\/governments-2020-revenue-target-unachievable\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Government&#039;s 2020 revenue target unachievable - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Ken Ofori-Atta, the Finance Minister A tax expert has contested government\u2019s ability to achieve its revenue target for 2020 as captured in the 2020 budget presented to Parliament on Wednesday. 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