{"id":164210,"date":"2024-03-21T18:47:46","date_gmt":"2024-03-21T18:47:46","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/03\/21\/ghanas-tax-system-needs-total-overhaul\/"},"modified":"2024-03-21T18:47:46","modified_gmt":"2024-03-21T18:47:46","slug":"ghanas-tax-system-needs-total-overhaul","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/03\/21\/ghanas-tax-system-needs-total-overhaul\/","title":{"rendered":"Ghana&#8217;s tax system needs total overhaul"},"content":{"rendered":"<p><\/p>\n<div>\n<p>The Chairman of the Food and Beverage Association of Ghana (FABAG), John Awuni, is advocating for a comprehensive reform in Ghana\u2019s tax system.<\/p>\n<p>Speaking on the Oxfam Tax Dialogue on <strong>Citi TV<\/strong> on Thursday, March 21, John Awuni, called for the elimination of certain taxes that adversely affect the average Ghanaian.<\/p>\n<p>He emphasized the importance of reducing taxes, noting that lower taxes generally lead to higher compliance.<\/p>\n<p>\u201cMy point is that the tax system must have a stimulating effect, once the private sector is doing well, what can you do with your tax system? You review it to be able to stimulate the necessary growth in the private sector. I think that our tax system in my opinion needs to be overhauled, it requires serious overhaul, and most of the tax handles have to be removed.<\/p>\n<p>\u201cTax cuts in the economies have shown that there\u2019s compliance when taxes are relatively lower. Our current tax levels are high, which makes it so unbearable for the ordinary consumer. We need to look at it clearly.\u201d<\/p>\n<p>Mr Awuni linked the high cost of living to corruption, urging the government to significantly cut taxes.<\/p>\n<p>\u201cThe entire system in my opinion is corrupt, it is not only Ghana Revenue Authority, everywhere, all of us are corrupt. I\u2019m saying so because there\u2019s a strong correlation between the cost of living and corruption. We are looking at a situation where incomes are very low, yet things are very expensive.<\/p>\n<p>\u201cWhen the government wants to fight corruption, they must look at the situation where they can bring down the taxes so that things will be so affordable. And people will be able to comply, all of us are managers and we all are thinking about how we can survive the system. That is why everyone is trying to pass through everywhere to get what they want.\u201d<\/p>\n<p><em><strong>\u2014\u2014<\/strong><\/em><\/p>\n<p><em><strong>Explore the world of impactful news with CitiNewsroom on WhatsApp!<\/strong><\/em><\/p>\n<p><em><strong>Click on the link to join the Citi Newsroom channel for curated, meaningful stories tailored just for YOU: https:\/\/whatsapp.com\/channel\/0029VaCYzPRAYlUPudDDe53x<\/strong><\/em><\/p>\n<p><em><strong>No spams, just the stories that truly matter! #StayInformed #CitiNewsroom #CNRDigital<\/strong><\/em><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Chairman of the Food and Beverage Association of Ghana (FABAG), John Awuni, is advocating for a comprehensive reform in Ghana\u2019s tax system. Speaking on the Oxfam Tax Dialogue on Citi TV on Thursday, March 21, John Awuni, called for the elimination of certain taxes that adversely affect the average Ghanaian. He emphasized the importance [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":164211,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-164210","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ghana&#039;s tax system needs total overhaul - 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\/2024\/03\/21\/ghanas-tax-system-needs-total-overhaul\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ghana&#039;s tax system needs total overhaul - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"The Chairman of the Food and Beverage Association of Ghana (FABAG), John Awuni, is advocating for a comprehensive reform in Ghana\u2019s tax system. 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