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    Global finance must transform to address Africa’s climate challenge – Ofori-Atta urges

    Citi Business Olympics allows top-tier networking among corporate organisations – Papaye

    Ofori-Atta commends G20 for AU’s inclusion, urges common voice

    WTO Director-General calls for ratification of Fisheries Subsidies Agreement

    Ghana’s Complete Farmer, which connects farmers to global food buyers, raises $10.4M

    EOCO, WHO to tackle illicit tobacco trade

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    Hanno Barkhoff joins Kempinski Hotel Gold Coast City Accra as General Manager

    WTO Director-General calls for ratification of Fisheries Subsidies Agreement

    BoG advised me to streamline Menzgold operations – NAM 1

    114th MPC meeting: Economic assessments begin amidst marginal inflation fall

    Tax analyst urges operationalization of tax appeals board

    BoG wins Alliance for Financial Inclusion Institutional Leadership award

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    Govt. urged to commit more investments to enhance AI competencies

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    New study reveals alarming food access disparity affecting 650 million Africans

    Global food price index declines in August

    ECO currency challenges: Technical committee attributes delays to external shocks, others

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Consider tax on plastics to raise revenue – Tax consultant to gov’t

byNii Larte Lartey
July 6, 2023
in Featured, Local Economy, Top Stories
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Now as government struggles to raise revenue to support the country’s economic slowdown some tax analysts want government to turn attention to taxation on single use plastics.

This they believe will help in Ghana’s revenue generation while protecting the environment.

In recent times, there has been a strong push for policy instruments to drive responsible manufacturing of plastics and key amongst them has been taxes on such products.

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Tax consultant, Franics Timore in an interview with Citi Business News said, taxing plastics is a viable alternative.

“I think that drastic measures must be taken to protect the environment. Introduction of plastic tax is one of such policies. Some countries have introduced such taxes or banned plastics completely. Things like sachets, plastic bags and all that can have alternatives. Aside from protecting the environment, it can also serve as good source of revenue for the government.”, he said.

He added that the government must tax consumables sold in plastic containers such as water and soft drinks to curb the threat of plastic waste in the country.

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