Financial analyst urges diversification of Ghana’s revenue sources [Video]

Financial analyst, Yaw Appiah Lartey has called for urgent action to address the growing concerns surrounding Ghana’s revenue generation, urging the government to focus on tackling revenue leakages and diversifying its income sources.

Speaking on Morning Starr with Lily Mohammed, Mr. Lartey emphasized that while the country’s Gross Domestic Product (GDP) is growing, the growth in tax revenue is not keeping pace. He pointed out that the nation is grappling with a significant gap between its economic growth and its tax revenue collection.

He advised that negotiations should be with the International Monetary Fund (IMF) and external creditors, suggesting that the government still has significant work to do. This reaction was following the vetting of the financial minister-designate.

However, the financial analyst warned that the nation faces a critical vulnerability in its taxation system. According to him, currently, 77% of government revenue is derived from taxes, a concentration that poses …

Tags Video Content, Video Editing, Video Graphy