A tax analyst, Francis Timore Boi has admonished the Ghana Revenue Authority (GRA) to maintain its revenue mobilization drive despite surpassing its mid-year revenue target.
He notes that some businesses and foreign investors in the country may slow down monetary disbursement enterprises in the coming months due to uncertainties associated with the election period.
Speaking with Citi News, Francis Timore Boi stated that this development may pose a risk to revenue targets and the GRA should ensure this does not significantly impact growth strategy auditing companies especially which have not been audited before.
“We need to refocus attention, shift away from customs because of the way the cedi is behaving and focus more on domestic taxes to be able to make up for any shortfall that will come from customs. For example, there is more expectation of enhanced compliance measures”.
He also affirms that if efforts are put in place the government could avoid leaving a huge deficit for the next government.
“And even if we are unable to achieve their full year target, whatever deficit that may be created because of election expenses, I believe that will not be too big for any government that may come to deal with their deficits”.
Read Also: Professor of Law Calls for Arts Inclusion in STEM Education
Source: Flora Tang/ATLFMNEWS
