Ghana might earn extra money equal to at least 0.6% of its GDP – World Bank

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

The World Bank has projected that Ghana could gain additional revenue equivalent to at least 0.6 percent of GDP in 2025 if the government fully implements the revenue measures outlined in the 2025 budget.

According to the World Bank’s latest Ghana Economic Update report, the projected increase is in line with the targets of the IMF-supported Extended Credit Facility (ECF) programme.

Speaking at the launch of the report in Accra, World Bank Country Director Robert Taliercio said full enforcement of the tax exemption law and the creation of a comprehensive tax expenditure register will enhance transparency and accountability in the country’s revenue mobilisation.

Source: newsthemegh.com