Government to use Mobile Money platform to collect taxes from informal sector

Government to use Mobile Money platform to collect taxes from informal sector

- Government has reiterated the need for improved domestic revenue mobilization especially as Ghana has exited the IMF programme

- Tax revenue contribution to Ghana’s Gross Domestic Product for 2018 was 10.8%

The Ghana Revenue Authority (GRA) has announced a plan to collect taxes from small scale self-employed and businesses in the informal sector.

According to the GRA, the informal sector will soon pay taxes through mobile money.

It was revealed that only 200, 000 taxable people in the informal sector of the economy pay taxes.

Government to use Mobile Money platform to collect taxes from informal sector

Vice President, Dr. Mahamudu Bawumia. Source: Facebook
Source: Facebook

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Vice President Dr. Mahamudu Bawumia who was speaking at the GRA’ s 2019 Tax and Good Governance Week, expressed faith in using mobile money platform in enhancing tax collection.

He further stated that it was imperative for the county to improve upon its domestic revenue mobilisation to help government achieve its Ghana Beyond Aid agenda.

The Ghana Beyond Aid Agenda, is a key vision of the current government, as it believes the country has all the resources to be self-sufficient,” Bawumia noted.

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The president has a vision of establishing Ghana as the Black Star of Africa, a prosperous country that provides economic opportunities for its people and thrives in a democratic society driven by the desire for equitable development for all parts of the nation,” he added.

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Source: Yen.com.gh

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