South Sudan diplomat shakes hands with Thomas Ampem Nyarko, Deputy Minister for Finance (Right)
Deputy Minister for Finance, Thomas Ampem Nyarko, has stressed the government’s commitment to tightening loopholes within Ghana’s tax exemptions regime, describing it as a major source of revenue loss for the country.
This commitment was reiterated by Deputy Minister for Finance, Thomas Ampem Nyarko, during a meeting with a delegation from the South Sudan Revenue Authority.
The South Sudanese contingent, led by its Deputy Commissioner, is currently in Ghana to study the country’s approach to tax exemptions.
During their discussions, Ampem Nyarko stressed the heightened urgency for Ghana to bolster domestic revenue mobilisation, particularly in an era of diminishing international aid and grants.
“We are not getting the aid and grants we used to get, and it’s important that we look within to make sure we can raise enough,” he stated, emphasising the need for self-reliance in funding national development.
While acknowledging that tax exemptions are a legitimate policy tool for attracting investment and supporting vital economic sectors, the deputy minister highlighted that the core issue in Ghana has been the persistent misuse of the system over time.
“Our exemptions regime has been abused, and so we are doing a lot to tighten it up. Government has taken steps to close loopholes and improve transparency around how exemptions are granted and managed,” he explained.
The visiting South Sudanese delegation expressed their rationale for choosing Ghana, citing positive reports regarding the nation’s ongoing reforms in its tax exemptions policy. They anticipate that the insights garnered from their engagements will be invaluable as South Sudan prepares to draft its own comprehensive tax exemptions policy framework.
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Gov’t Tightening Abused Exemptions Regime — Deputy Finance Minister Tells South Sudan Delegation
Deputy Minister for Finance, Thomas Ampem Nyarko, has underscored the government’s commitment to tightening loopholes within Ghana’s tax exemptions regime, describing it as a major… pic.twitter.com/QNnEhjqfhq
— Ministry of Finance, Ghana (@MoF_Ghana) May 9, 2025
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