Finance Minister, Ken Ofori-Atta has said one of Ghana’s major challenges in revenue mobilization, has to do with a weak tax infrastructure.
Addressing the 3rd Aliu Mahama Memorial Lecture held at the National Theatre Thursday, he said the hostile attitude to our tax payers, difficulties in the individual getting to pay their taxes, non-compliance and corruption are just but a few of the challenges making it difficult to generate enough revenue for the country.
Speaking on the theme ‘Transforming Ghana beyond Aid: How we will get there’, the Finance Minister said it was about time we arise and rebuild.
He said, over the last 11 months the new administration took over office, they have been tenacious in seeking to block leakages in the system, which leads to billions of cedis being lost annually.
He underscored the need for Ghanaians to help in making Ghana rise and rebuild and most especially, generate more revenue for the country.
Mr. Ofori-Atta said corruption in any shape or form should not be encouraged and persons involved, should be punished.
‘’We must all help to defeat this canker, and we do not help if are quick to defend persons who have duped the state with the excuse that he is one of us.’’
He stressed, ‘’if you are indeed one of us, then help us to win for Ghana…Assist us to win for Ghana for all of us and not just for you. We have a duty to build a better society for your children and their children.’’
He emphasized that government will raise revenue by expanding the tax base and ensuring that everyone pays his or her fair share.
Tackling leakages and efficiently allocating resources, will make it possible for us to normalize the economy, formalize a paperless society, he said.