The Minister nominee for the Finance Ministry, Ken Ofori-Atta has said that the government of President Nana Addo Dankwa Akufo-Addo is looking at bringing more Ghanaians into the tax net.
According to him this would make up for the revenue that could be lost from the tax cuts proposed by the government.
Ken Ofori-Atta was answering questions at a Ministerial vetting on Friday.
He was announced as President Akufo-Addo’s nominee for the Finance Ministry, which is considered one of the more high-pressure jobs in the government, given the country’s economic challenges.
The New Patriotic Party (NPP) had promised during their campaigns before the election that they would scrap certain ‘nuisance’ taxes to relieve the pressure on individuals and businesses.
Several persons, particularly the opposition, National Democratic Congress (NDC) have suggested that scraping the taxes would put a strain on the economy.
However, Ken Ofori-Atta believes that broadening the tax base by bringing more people into the tax net would make up for the revenue that would be lost by scraping the taxes.We will broaden the
“We will broaden the tax base, by bringing more people into the tax net, ” he said.
“There will be a few bumps early on but we’ll recover.”
By: Edwin Kwakofi/ghanadecides.com/Ghana