We have overtaxed Ghanaians - Terpker confesses

We have overtaxed Ghanaians - Terpker confesses

The Finance minister, Seth Terkper, has confessed that Ghanaians have been hit with too many taxes by government.

Seth Terkper, speaking at a press briefing in Accra bemoaned that government failed to ensure that state-owned enterprises and development projects were run well so as to be able to pay for loans taken.

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“We have fallen into some bad habit of doing commercial projects and then asking the taxpayer to pay for it.It shouldn’t be the taxpayer, ” Seth Terpker revealed.

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The finance minister has therefore indicated that the government had made some corrections to its debt management strategies and had initiated a policy that would ensure that “if we borrow for commercial developments, the projects should pay for the loan.”

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