- The GRA will now be taxing beggars
- This move is to generate more cash for government
- So far, so many Ghanaians, according to the GRA, do not pay taxes
All street beggars in the country will be taxed as part of efforts to increase revenue in the country. This is according to the Ghana Revenue Authority (GRA) which says it will be going wild on every Ghanaian who fail to pay his or her taxes.
“Those who carry things on their heads to sell (hawkers) be it cloth or consumables, we will tax them, how much more people who earn daily. GRA taxes foreigners in town and by law, the beggars fall within the taxable threshold,” Top GRA official, Alhaji Mohammed revealed to the media.
What this means is that the GRA will now be taxing so many people including those who sell clothes and other consumables on the streets.
Ghana continues to lose so much money in taxes mainly because there are so many people who do not pay taxes. In fact, only a few of Ghanaians pay taxes and this makes the tax laws in Ghana very problematic.
Meanwhile, Finance Minister, Ken Ofori-Atta has admitted that the country's current tax to Gross Domestic Product (GDP) ratio is quite alarming.
He says Ghana's tax to GDP ratio is much lower than it should be, a situation he believes poses a serious challenge to the country's economy.
Speaking at the opening ceremony of the 38th annual CATA Technical Conference here in Accra, Mr Ofori-Atta said, “We are in the middle of our budget season, and budget will be read on November 15, and the challenges are obvious to us in terms of where we are as a nation. Currently, tax to GDP is about 16% which is much lower than it should be since we should be looking at about 22% to 25%, and that poses a challenge.”
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