2022 Budget: It’s unacceptable for only 8.2 percent of over 30 million population to bear the tax burden -Finance Minister
AbcnewsghNov 17, 2021Read original
Finance Minister, Ken Ofori-Atta has bemoaned the narrow tax net of the country.
According to the Finance Minister, the 2021 Population and Housing Census undertaken by the Ghana Statistical Service puts the country’s total population at 30.8 million. Out of this population, 2,374,348, representing 8.2 percent are tax payers.
This, Ken Ofori-Atta says its not acceptable for this few people to bear the tax burden of the entire country.
“The data presented also shows some trends that need to be addressed of equitable society. Interestingly, out of a total of 30.8 million on 2374348 persons are bearing the burden of the entire population as tax payers as at August 2021,” the minister said on the floor of parliament on Wednesday.
He bemoaned that, “we cannot therefore as a nation continue to depend on only 8.2 percent of our citizens to carry the burden of 30.8 million people. This is unsustainable and defeats all the tenets of economic prudence and moral justice.”
He therefore indicated that government in the coming year will aggressively implement measures to increase the tax net and equitable distribute the domestic revenue mobilization burden.