"GRA Boss Urged to Prioritize Sustainable Tax Policies Over IMF Targets"

" GRA Boss Urged to Prioritize Sustainable Tax Policies Over IMF Targets \r\n\r\nDavid Ofosu-Dorte, senior partner at AB & David Africa, has advised the Commissioner-General of the Ghana Revenue Authority (GRA), Anthony Sarpong, to focus on sustainable tax policies rather than solely aiming to meet revenue targets set by the International Monetary Fund (IMF).\r\n\r\nSpeaking during an interview\u00a0on Citi FM, Mr Ofosu-Dorte emphasized the importance of a balanced fiscal strategy.\r\n\r\nWhile acknowledging Sarpong\u2019s competence in leading the GRA, he stressed the need to broaden the tax base and explore new revenue streams rather than intensifying tax collection efforts to align with IMF benchmarks.\r\n\r\n\u201cHe [Anthony Sarpong] is competent, but I think his two challenges are to broaden the tax base so more people can pay and find new sources and ensure that we can increase revenue. What I want him to avoid is increasing revenue based on the target set by the IMF,\u201d Mr Ofosu-Dorte stated.\r\n\r\nHe further criticized the country\u2019s dependence on IMF-imposed revenue goals, arguing that such an approach could undermine Ghana\u2019s long-term economic stability.\r\n\r\n\u201cI do not understand how we plan our whole life around what the IMF sets. As a nation, we should know the target, and those targets should also include reducing the government\u2019s expenditure. It is not just about raising it only,\u201d he added.\r\n\r\nHis comments come amid growing concerns over Ghana\u2019s fiscal policy direction, as the country remains under an IMF-backed $3 billion Extended Credit Facility (ECF) programme, which requires strict adherence to revenue and expenditure commitments."

"GRA Boss Urged to Prioritize Sustainable Tax Policies Over IMF Targets"

Government Announces Death of Former First Lady Nana Konadu Agyeman-RawlingsAMP

New UN Forum Aims to Tackle Developing Economies’ Debt IssuesAMP

Dangote Plans 10% Sale of Refinery SharesAMP