The government, according to Dr. Kwame Asah-Asante, is fast to propose new tax bills but are unable to give specific accounting of the money collected through these levies.
“The issue is that, are we going to be able to manage the resources so well that will be derived from this revenue? We have seen it time and again that our leaders are quick to come out with tax or taxes, but the money generated from it, we find it difficult to account for them,” he said on Monday.
On March 31, Parliament approved three new tax bills proposed by the Finance Minister, Ken Ofori-Atta.
According to Mr Ofori-Atta, the bills are crucial for the progress of government’s pursuit of an International Monetary Fund (IMF) deal.
The new tax bills include; the Income Tax Amendment Bill, The Excise Duty Amendment Bill and the Growth and Sustainability Amendment Bill and are expected to rake in close to GHs4 billion.
Speaking on the AM Show on JoyNews’, Dr Asah-Asante reiterated that the passing of the bills “is a good beginning for our journey to the IMF” but indicated that those in charge have not been accountable.
The political scientist lamented citizens’ inability to demand accountability and as a result, government always slaps taxes on the people without disclosing details of revenues gained.
Meanwhile, he added that the government’s energy that is being used to make sure that it gets the basics right in securing an IMF deal could be channelled into creating home–grown solutions where there would be no need to seek an IMF bailout.
“If you look at how government wants to meet all the specifics directed by the IMF, right? They want to get all those basics right to have the facility.
“Then I ask myself; that energy that you derive from the system to pursue this programme, couldn’t you have used it in your economy, build the necessary capacity that you don’t go to the IMF,” he said.
According to him, Ghana always finds itself “in tears” as a result of some unfavourable conditions attached to the IMF deal.