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Can Effective Property Tax Boost Ghana's Tax Revenue?

2025-01-08 13:48:39.858000

Professor Williams Peprah, an Associate Professor of Finance at Andrews University, has highlighted the critical role of an effective property tax regime in enhancing Ghana's tax revenue-to-GDP ratio. He estimates that a well-implemented property tax could contribute between 2% to 3% to this ratio, which is essential for the country's economic growth. Peprah advocates for the Ghanaian government to improve its tax policies to be more business-friendly, particularly in addressing issues related to Value Added Tax (VAT). He also emphasizes the need for a stable exchange rate regime to foster economic stability and encourage investment. This call for reform aligns with President Mahama's inaugural address, which focused on promoting economic stability and business openness in Ghana. [3315304c]

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