• About
  • Advertise
  • Privacy Policy
  • Contact
Sunday, June 1, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result
Home Economics Finance

There should be visible signs of tax payments- Dr. Alex Ampaabeng

April 12, 2021
in Finance
Reading Time: 3 mins read
0

Dr. Alex Ampaabeng, a tax analyst, has advised government to ensure that taxes from Ghanaians are put to good use. According to him, Ghanaians are interested in their monies being put to good use.

He further explained that government must strategically implement salient measures to curb the issue of corruption rife within the country’s tax regime.

“There should be visible signs of tax payments. There are some particular taxes that we can earmark, so people will be able to see. For example, you go to the market and collect those market tolls; market women or men go out to do their business and when it rains, it is muddy everywhere”.

Additionally, Dr. Ampaabeng recounted the numerous complaints made by tax payers over the issue of fariness in payment of taxes. To address the problem, he called for a more transparent and standardised scheme of payment.

RelatedPosts

Ecobank Transnational Incorporated Withholds Dividend Payment Despite Stellar 2024 Performance

Access Bank and DHL Sign Agreement to Empower SMEs Across Africa Under AfCFTA

African Development Bank President Bids Farewell to the AfDB Presidency

“There are a lot of complaints and issues around the tax. It is extremely regressive. If you want people to comply, people want to be sure that the rate at which they are paying compared to their peers is also good”.

Empower Ghanaians to pay taxes

Touching on the issue of tax education, Dr. Ampaabeng urged government to ensure “robust tax education” in a bid to reassure tax compliance.

His comments follow a report issued by Afrobarometer on the desire of Ghanaians to pay taxes. Per Afrobarometer’s survey, Ghanaians are willing to pay taxes. Analysis from the survey also revealed that “citizens are more supportive of taxation” if they reckon government is delivering basic services.

Similarly, the report which surveyed over 2,400 adults also revealed that 84 percent of Ghanaians believe that some tax officials are corrupt.

Commenting on this, Dr. Ampaabeng corroborated Afrobarometer’s stance on the willingness of Ghanaians to pay their taxes. However, he asserted that, albeit, some Ghanaians would genuinely want to pay taxes, they are not empowered to do so.

He explained that this is due to the fact that they have not received adequate information on what the taxes will be used for.

Dr. Ampaabeng said this included “telling them how much we are generating and how much we are spending.”

Institute measures to improve collection of taxes

Elsewhere, a Research analyst at the Ghana Center for Democratic Development (CDD-Ghana), following the Afrobarometer’s report, has tasked government to come out with a plan to ensure that all citizens participate in paying taxes, through education.

According to him, proper education and transparency on what taxes are will better equip and inform judgements from Ghanaians.

“They need to know how much they are due to pay; It must come at a low cost. People want to see the corruption we find in the system reduced because they can’t pay their money for it to be taken out by a few people. So, they want the authority to improve its image in terms of anti-corruption and the things they put in place to make sure that the taxes that we collect do not go down the drain”.

Read Also: Vegetable farmers renew call for plan to produce quality seeds locally.

Tags: AfrobarometerCDD-GhanaGhana NewsTax educationTax regime
Share6Tweet4Share1SendSend
Previous Post

Vegetable farmers renew call for plan to produce quality seeds locally.

Next Post

Sudden Drop in Sea Surface Temperature caused fish kills– UG reports

Related Posts

Ecobank Transnational Incorporated Withholds Dividend Payment Despite Stellar 2024 Performance

Ecobank Transnational Incorporated Withholds Dividend Payment Despite Stellar 2024 Performance

by Stephen M.C
May 29, 2025
0

Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, has made the difficult decision not to declare dividends for its 2024 financial performance, despite recording outstanding results across all business segments. This decision was...

Access Bank and DHL Sign Agreement to Empower SMEs Across Africa Under AfCFTA

Access Bank and DHL Sign Agreement to Empower SMEs Across Africa Under AfCFTA

by Stephen M.C
May 28, 2025
0

Access Bank Ghana PLC has signed a Memorandum of Understanding (MoU) with global logistics giant DHL. The strategic partnership aims to empower about 50,000 Small and Medium-sized Enterprises (SMEs) across Africa within the next three years,...

Scaling Up Development Finance Requires De-risking Capital-  Adesina

African Development Bank President Bids Farewell to the AfDB Presidency

by Stephen M.C
May 26, 2025
0

As the African Development Bank (AfDB) holds its 2025 Annual Meetings in Abidjan, Côte d’Ivoire, from May 26 to 30, the spotlight shines on a significant leadership transition. At a special breakfast session with journalists on...

New Absa-Led Initiative Simplifies Property Ownership for Ghanaian Diaspora

New Absa-Led Initiative Simplifies Property Ownership for Ghanaian Diaspora

by Stephen M.C
May 22, 2025
0

For many Ghanaians living abroad, owning property back home is more than a financial investment—it is a cherished aspiration. Yet, for decades, members of the Ghanaian diaspora have struggled with numerous obstacles, including limited access to...

Zenith and CalBank Lead Ghana's First-Ever Banking Customer Satisfaction Survey

Zenith and CalBank Lead Ghana’s First-Ever Banking Customer Satisfaction Survey

by Stephen M.C
May 20, 2025
0

Zenith Bank Ghana and CalBank PLC have emerged as leaders in customer satisfaction in Ghana’s banking industry, topping the maiden edition of the Customer Satisfaction and Brand Health Survey conducted by Strategic Communications Africa (StratComm Africa)...

Please login to join discussion

Recent News

  • Police Arrest Two Suspects In Murder Case
  • Expert Calls for Strengthening DMCs to Improve Small-Scale Mining Governance
  • CDD-Ghana Fellow Questions Relevance of New Fiscal Council
  • Rihanna’s Father Passes Away
  • Poland Votes In Presidential Run-off
The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.