Mobilisation

To boost economic growth and increase revenue mobilization, the Ghanaian government is implementing measures to improve the country’s tax-to-gross domestic product (GDP) ratio. Abena Osei Asare, the Minister of State at the Finance Ministry, has stated that while efforts to increase tax mobilization in the formal sector have been made, plans are advanced to widen the tax base. Ghana’s tax collection is currently lower compared to other lower-middle-income countries, with non-compliance of tax payments being a significant issue. This has led to a widening fiscal deficit and a rising debt burden for the government. The country’s tax-to-GDP ratio of less…