Akufo-Addo inspires Ghanaians to pay tax

Story: Peace AWUKU

President Nana Addo Dankwa Akufo-Addo, says the only things Ghanaians have not made part and parcel of their lives, since the coming into force of the 4th Republican dispensation, is to make taxes regular, predictable parts of their lives.

He said “our tax-to-GDP ratio of 14.3 percent compares unfavourably with our peers the world over. The average tax-to-GDP ratio in West Africa stands at 18 percent, and, indeed, the recommended ratio for ECOWAS Member States is at least 20 percent. The average for OECD countries is 34 percent.”

The Presidentt said America, German, French, Japanese and British peoples, amongst others, could find the means to fund their own development, particularly their infrastructural development, whereas we were constantly struggling to do the same.

“There is, therefore, an urgent need to enhance significantly our domestic revenue mobilisation capability to realise our development potential, create opportunities for our vibrant and dynamic youth, and deliver improved livelihoods for our fellow citizens”.

President Akufo-Addo said this in Bolgatanga, Upper East Region, when he addressed the 2021 Bar Conference of the Ghana Bar Association.

He said the necessity for increased mobilisation of resources for national development was crucial, especially as there were critical needs in all sectors in all parts of the country.

“Not too far from where we are gathered, torrential rains have caused havoc and washed away bridges and roads. Farms have been destroyed and investments have disappeared under flood waters. These are just new additions to an already difficult situation of a long list of infrastructural deficits that require a lot of money for their elimination,” he said.

He said “COVID-19 has brought extra devastation to our fragile economies, and we have not seen the end of it to be able to say we can start counting our losses. The only certainty we do have is that we need a lot of resources to engender the rebuilding of the economy. Hence, the exceptional significance of Government’s Ghana CARES ‘Obaatampa’ Programme, which is seeking to raise GH¢100 billion from both public and private sectors to finance the revitalisation of our post-COVID economy.”

He was happy that the Ghana Bar Association had decided to enlist the undoubted strength of lawyers to help in the mobilization of resources through taxation, adding that “we have work to do to convince the people of Ghana that, if we are to get the developments that we all crave, then paying taxes must become a regular and unquestioning feature of our lives.”

With the theme of the Conference being “Ensuring an Increase in Revenue Mobilization through Taxation for the Purpose of Accelerated National Development”, President Akufo-Addo urged the outgoing President of the Bar, Anthony Forson Jnr, to start from getting members of the Bar to pay their taxes.

“The record of lawyers in paying taxes has been historically poor. It is unfortunate, but a most unpleasant fact, that members of the professions in our country have not been known to set a good example when it comes to paying taxes. They appear to think that being members of the learned professions put them above complying with every day civic duties, like paying taxes. It is embarrassing that lawyers are often at the top of the list of those who flout our tax laws, and use their expertise to avoid paying taxes,” he stressed.

Related Post

No more posts to show

Post Comments

Leave a Reply

Your email address will not be published. Required fields are marked *