Huge portions of Government of Ghana’s revenue go into the payment of salaries, a member of the Board of Directors of Tema Oil Refinery Company (TOR) Kamal Deen Abdulai, has said.
This, he said, makes a case for the government to introduce taxes to raise revenue.
Contributing to a discussion on the New Day show on TV3 Friday May 6, he said “The point I want to make is, the major way governments can be financed is the taxes they collect. Then of course, you have other donor agencies that come in. What is important is that what do we put into our kitty, the taxes. Now when we get those taxes, how well can we use them?
“Take Ghana in perspective, a lot of the money we take goes into payment of salaries, that is a fact.
“That is why I am saying, given the exigencies of the time now that economies are suffering worldwide, I listened to John Dramani Mahama when he went to Harvard and said in African because of Covid, economies have been ravaged, people have lost their jobs. That is reality and I believe Ghana is part of Africa.
“[John Mahama] was speaking to facts so if we come home and we are supposed to bite the bullet , we are supposed to ensure that we put measures in place to help ourselves, tighten…we should be mindful of the magnitude of the problem at hand is huge and demands certain measures to be taken.”
By Laud Nartey|3news.com|Ghana