4m Ghanaians Avoid Tax
4m Ghanaians Avoid Tax

4m Ghanaians Avoid Tax

4m 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.

Short URL : http://goo.gl/UPFOve
  1. http://goo.gl/WT58JT
  • http://goo.gl/fh3u0o
  • http://goo.gl/kQ5c2b
  • http://goo.gl/oSgn5W
  • http://goo.gl/rv02yG

You can also read ...

While China tries to alleviate its demographic crunch, the aging society means a pension shortfall.
Forget that image of sweatshops making all kinds of cheap...
Russia Economic Recovery Underway
Retail sales in Russia picked up in April, while real wages...
In 2017 banks had total mortgage lending of around $352 billion.
High levels of household debt are the greatest risk to Sweden’...
Greece at Crucial Point
Discussions are heating up over future debt repayments for...
Peru Economy Strengthens
Economic growth in Peru strengthened in the first quarter...
Saudi Gov’t Told Not to Boost Spending
The International Monetary Fund urged the Saudi government not...
Brazil CB Keeps Rates on Hold
Brazil’s central bank considered cutting interest rates last...
EU Tells Italy to Cut Debt, Warns of Euro Spillover
Italy’s incoming government should aim to cut its heavy public...