Tag: Revenue Assurance and Compliance Enforcement
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RACE to help increase tax-to-GDP ratio to 20% – Oppong Nkrumah
Information Minister, Kojo Oppong Nkrumah, says the newly-launched Revenue Assurance and Compliance Enforcement (RACE) initiative is expected to increase Ghana’s revenue mobilization ratio to 20% of Ghana’s Gross Domestic Product. Ghana’s tax to GDP has, over the years, performed lower than the current average percentage in Sub-Saharan Africa. Currently, the country is doing a tax…
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Government launches Revenue Assurance and Compliance Enforcement to eliminate revenue leakages
As part of efforts to facilitate effective and efficient mobilisation of taxes in the country, the Vice President, Dr. Mahamudu Bawumia, has launched the Revenue Assurance and Compliance Enforcement (RACE) initiative as promised in the 2021 mid-year budget review. The remit of RACE is to identify and eliminate revenue leakages in the various sectors of…