Ghana seeks to double tax revenue to 28% of GDP through digitization – Ofori-Atta

• The government aims to double its tax revenue to 28% of GDP through digitization

• Ghana is expected to attract up to 15.5 million taxpayers after implementing the national ID number to serve as a tax ID number

• Ken Ofori-Atta made this known in an interview with Bloomberg monitored by GhanaWeb

Finance Minister Ken Ofori-Atta said Ghana aims to double its tax revenue to around 28% of gross domestic product.

In an interview with Bloomberg monitored by GhanaWeb, Ofori-Atta said the feat would be upgraded digitization to create a more vibrant economy.

“We really want to be able to double our tax revenues to around 28% of GDP through digitization, so that we can create a much more vibrant economy over the next three years,” Ofori-Atta said.

President Nana Addo Dankwa Akufo-Addo previously indicated that the country’s tax base is expected to increase more than fivefold to 15.5 million after the government completes the implementation of the national ID number merger , which will in turn serve as a tax identification number.

Meanwhile, Ghana for FY2021 is targeting a budget gap of 9.5% of GDP, compared to a deficit of 11.7% recorded in 2020 with a forecast of production increase of 5% compared to 0.4. % in 2020.