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Ghana’s revenue reforms failing structural test – Prof Bokpin
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Ghana Business News
Professor Godfred Alufar Bokpin, Economist, says Ghana’s International Monetary Fund (IMF)-backed reforms have failed to deliver the expected structural improvement in domestic revenue collection.
Prof Bokpin said this in an interview with the Ghana News Agency on Ghana’s revenue performance under the IMF programme, on the sidelines of a public financial management and fiscal decentralisation training for selected journalists on Monday.
Prof Bokpin explained that the domestic revenue performing below the expectations, implied that reforms had not meaningfully strengthened the revenue base despite years of IMF-guided policy changes.
Prof Bokpin raised concerns about regime changes that affected not only businesses but the country’s tax revenue, noting that any time government changed, some businesses were classified as inactive until their party came to power.
He cited the introduction of AI-powered customs reforms that have resulted in Customs revenue increasing by approximately 15 per cent.