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Sunday, May 22, 2022

Sealing earnings leakages to make stronger tax-to-GDP ratio from 13% to twenty% by way of 2024 – Ofori-Atta

Finance Minister, Ken Ofori-Atta

GRA units GH¢80.3 billion earnings goal for 2022

ICUMS offered in 2020 to make stronger earnings technology at ports

Profit from to be had information for earnings assurance, Ofori-Atta to GRA

The Customs Department of the Ghana Earnings Authority were tasked to adopt measures aimed toward sealing earnings loopholes on the nation’s ports.

In step with the Finance Minister, Ken Ofori-Atta, the transfer will make stronger the federal government’s unravel at raking in home earnings.

Talking on the World Customs Day, Ken Ofori-Atta stated lowering those earnings leakages will make stronger the rustic’s tax to Gross Home Product ratio from 13% to twenty% by way of 2024.

“However the successes chalked, I’m assured that there’s extra that GRA and Customs Department specifically can do to additional strengthen its degree of potency, whiles lowering earnings leakages on the ports to its barest minimal.” Ofori-Atta is quoted to have stated by way of Pleasure Industry.

“Against those efforts, the ministry believes that it is going to upload on considerably in bettering Ghana’s tax to GDP ratio from the present 13% to twenty% by way of 2024,” the minister identified.

He additional confident the Customs Department of GRA of presidency’s unflinching make stronger aimed toward yielding certain effects and suggested them to rope in to be had information from key establishments within the nation to spice up earnings assurance.

“Be confident that the Ministry of Finance will proceed to make stronger you in particular all customs-related issues geared in opposition to earnings mobilisation in addition to border controls. It’s certainly the surest manner for us as a rustic to develop from our reliance gods,” Ken Ofori-Atta concluded.

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