Mr. Geoffrey Occansey, a renowned Tax Analyst has angrily fires that, Ghanaians can’t wait for the second coming of Jesus Christ to come and judge corrupt people but Ghanaians will do the judgement themselves by instituting a punishment plan for all corrupt people.
“There are several procurements process that fails to pass through Parliament for assessment because of corruption and it related issues. The opaqueness of procurement in the country is retrogressing our motherland” he asserted.
Mr. Occansey added that, most Ghanaians don’t want to pay tax because they don’t feel the positive impact of their taxes paid.
“Ghanaian leaders are doing more harm than good to the country. We need to start punishing corrupt people to serve as a deterrent to others” he stated
This come after World Bank raised concerns over the significant impact of tax exemptions on Ghana’s revenue generation capabilities.
According to the institution, the country’s tax system is underperforming due to a multitude of tax reliefs that substantially narrow the corporate income tax (CIT) base.
The 8th Ghana Economic Update by the World Bank further underscores the fiscal implications, revealing that these exemptions cost the country approximately 0.5% of its GDP in lost revenue every year.
Discussion about this post