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Government to pay more attention to property rate in 2018

Senior Minister, Yaw Osafo Maafo, has said lack of a good property rate collection system is adversely affecting domestic revenue mobilization.

Speaking with Joy Business, Mr Osafo Maafo said the government would look out for innovative ways to increase revenue from property rate collection in 2018.

He thinks property rate collection will be a significant contributor to the nation’s purse from next year.

According to him, Ghana is already enjoying some goodwill from international partners and investors because of the good case the country presented at this year’s World Bank/IMF spring meetings

Mr Osafo Maafo has also been explaining the effect of some goodwill from Ghana’s international partners that are likely to affect the economic fortunes of the country moving forward.

The 2018 budget focused on growing the economy would create a business-friendly environment for investments.

The government failed to meet the revenue generation target in the first half of the year 2017 as a result of many tax cuts and abolishment in the budget statement and economic policy of the year.

Source: Myjoyonline.com

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