|
Getting your Trinity Audio player ready...
|
A Professor at the University of Ghana Business School, Godfred Bokpin, has supported calls by businesses to the government to reduce taxes in the 2024 budget statement.
He believes that the current tax regime cripples businesses. He explained that a private sector-led economy should not have the kind of taxes the government has induced especially at the ports.
Asked whether he supports calls to reduce taxes, while speaking in an interview with Johnnie Hughes on the Sunrise show on 3FM on Thursday, November 2, Prof Bokpin said “I agree 100 percent. What Ghana is practicing is not taxation, it is robbery. What Ghana is presiding over right now is not taxation, it is not borne out of tax policy. State-sponsored robbery is what we have in the form of taxes. Where will you find the kind of taxes we have? Go to the ports and see the layers of taxes, how do you do that and expert your private sector to grow and create jobs?
“We will be unique to think that by presiding over this fiscal regime, tax, and the rest of them, some way somehow, private sector-led economic transformation and inclusive productivity growth will just happen, no.”
Credit: 3news.com
