IMANI Ghana fights further tax increases | Policy

IMANI Ghana, a policy think-tank, launched against the government's attempt to impose additional taxes, claiming that this measure would have a negative impact on the living conditions of Ghanaians.

Mr. Franklin Cudjoe, President of IMANI Ghana, said He alleged that there were several million contracts signed without a tender document, which could be used for other development projects.

million. Cudjoe said this Monday's forum on "Economic Freedom of Ghana: Improving Ghana's Rank on the World Economic Freedom Index" organized by IMANI Ghana, in collaboration with the Fraser Institute

There has speculation that the government plans to increase VAT from 17.5% to 21.5

M. Cudjoe was of the opinion that the tax exemptions favored the privilege of society instead of the poor, indicating that in 2017, the exemptions He stated that in the 2015 Doing Business Report, Ghana ranked 97th in the world for ease in starting a business, while in the 2016 report, its ranking According to the Doing Business 2016 report, which collected data for the 2014-2015 period, Mr. Cudjoe said that Ghanaian companies were making 33 payments of Different taxes per year, spent 224 hours a year filing, preparing and paying taxes. representing 32.70% of profits.

In his response to speculation, Bernard Okoe, MP for Ledzokuku, said the government is considering innovative ways to generate revenue in ways that do not harm businesses.

million. Fred McMahon, Resident Fellow, Fraser Institute, presenting an overview of the world's economic freedom said that Ghana's economic freedom had generally increased.
He said that the 2017 annual report of Freedom World World revealed that Ghana ranked 103 out of 159 countries in the world.

Ghana was the 16th most economically free country in Africa after Mauritius (1st) Rwanda (2nd), Seychelles (3rd), Botswana (4th) and Liberia (9th).
Mr McMahon said Ghana was beating the West, however, African neighbors such as Nigeria, Côte d'Ivoire and Togo.

The Index provides a comprehensive description of the economy by examining five dimensions of economic policy: size of government, legal systems and property rights, sound currency, freedom of international trade, and regulation.

The Index has shown the current state of economic policy and how policy can be improved. It also provides world-clbad policy models that, if implemented, would bring renewed growth and prosperity to Ghana