Ghana’s Finance Minister has announced seven (7) domestic revenue generation measures in response to the country’s current economic challenges. The measures include:

• the implementation and collection of the revised property rate by end of April 2022;
• the rollout of a simplified tax filling mobile application by July 2022;
• the implementation of E-VAT/E-Commerce/E-Gaming initiatives by end of April 2022;
• the enforcement of the ‘no duty-no exit’ policy at the Meridian Port Services Terminal to increase revenue generation at the Tema port;
• fast-tracking of the passage of key bills such as the Tax Exemptions Bill and Fees and Charges Bill following the passage of the E-Levy;
• partnership with the private sector to introduce digital systems to monitor quarrying, sand winning and salt winning to increase revenue from natural resources; and
• the Government will also prioritise the Revenue Assurance, Compliance, and Enforcement (RACE) Programme to plug revenue leakages in high-risk areas.

The measures, if appropriately implemented, are expected to revive the country’s economy by shoring up domestic revenue while controlling government expenditure and can go a long way to cushion the citizenry and boost investor confidence amid the country’s current economic challenges. 

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