revenue mobilization

VP Bawumia Launches RACE Initiative To Increase Domestic Revenue Mobilization

VP Bawumia Launches RACE Initiative To Increase Domestic Revenue Mobilization

The Vice President, Dr Mahamudu Bawumia, has launched a multi-agency initiative designed to increase domestic revenue mobilization, broaden the tax net and ensure compliance with tax obligations. Known as the Revenue Assurance and Compliance Enforcement (RACE), the initiative is envisioned as a major effort to block leakages and raise domestic revenue mobilization in order to address the economic challenges arising from the Covid 19 pandemic and fits into President Akufo-Addo’s determination to seek fiscal sovereignty for a Ghana Beyond Aid. Speaking at the launch in Accra on Wednesday, August 25, 2021, Vice President Bawumia expressed confidence that RACE would help…
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