The Commissioner-General of the Ghana Revenue Authority (GRA), Anthony Kwasi Sarpong, has acknowledged the complexities of tax policy and administration in Ghana, citing the country's diverse economy as a major challenge. Speaking during the National Economic Dialogue on Channel One TV, Sarpong elaborated on the difficulties involved in effectively implementing tax policies.
“This is a critical issue, and it is also quite complex, both in terms of tax policy and the practical aspects of tax administration—essentially, how we enforce and implement the policies and laws currently in place,” Sarpong explained.
He emphasized that Ghana's economy is multifaceted, necessitating a tailored approach to tax collection for different sectors. “The country’s economy can be divided into various segments. We have highly developed businesses, mid-level businesses that are growing but still organizing their processes, and the substantial informal sector,” he noted.
Sarpong further underscored the significant challenge posed by the informal sector, which plays a major role in the nation's economic activities. “Some estimates suggest that the informal sector contributes over 60 to 70% of our GDP. With such a large portion of economic development coming from the informal sector, the challenge of tax collection becomes even more pronounced,” he stated.
He concluded by advocating for a strategic and balanced approach to tax policy implementation, one that ensures compliance while simultaneously offering support to businesses.
Source; mynewsgh
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