World Economy

4m Ghanaians Avoid Tax

4m Ghanaians Avoid Tax4m Ghanaians Avoid Tax

Albert Kan-Dapaah, Head of Ghana’s University of Professional Studies’ Center for Public Accountability, has raised concerns over poor revenue collection practice by authorities, culminating in government losing millions in income to entities every year, Ghanaweb reported. He said, last year, six million registered taxpayers were supposed to pay income tax to government but only two million honored–leaving a whopping four million go without paying levy–a situation that is largely attributed to being responsible for gross fiscal irresponsibility in the country. Kan-Dapaah said that the situation was substantially contributing to high cost of doing business in the country and the local currency volatility and its attendant cost on the national economy.