{"id":23877,"date":"2022-08-03T19:07:01","date_gmt":"2022-08-03T19:07:01","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/uncategorized\/mid-year-budget-isser-calls-for-aggressive-domestic-revenue-mobilization"},"modified":"2022-08-03T19:30:23","modified_gmt":"2022-08-03T19:30:23","slug":"mid-year-budget-isser-calls-for-aggressive-domestic-revenue-mobilization","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/mid-year-budget-isser-calls-for-aggressive-domestic-revenue-mobilization","title":{"rendered":"Mid-year budget: ISSER calls for aggressive domestic revenue mobilization"},"content":{"rendered":"

Africa-Press – Ghana. <\/strong><\/span>The Institute of Statistical, Social and Economic Research (ISSER) has called for aggressive domestic revenue mobilization through efficient tax and non-tax revenue generating measures to firm the country\u2019s fiscal space. The Institute also called for a unified common platform for collecting property rates to boost domestic revenue.<\/p>\n

Professor Peter Quartey, Director, ISSER, speaking at this year\u2019s mid-year budget in Accra, commended the Government\u2019s plan to spend within its means, but said achieving a fiscal deficit of 6.6 per cent of Gross Domestic Product (GDP) was ambitious and daunting.<\/p>\n

The Government in the 2022 mid-year budget statement revised the country\u2019s GDP growth rate from 5.8 per cent to 3.7 per cent in 2022. He urged the Government to re-introduce the collection of road tolls using the electronic-pass system, stressing that the outright removal of the tolls would not help in public-private partnership arrangements.<\/p>\n

According to the 2022 mid-year review \u201cdeficit is expected to be financed from both domestic and foreign sources but domestic financing is the key driver.\u201d The professor however, urged the Government to focus on the private sector to achieve the target, since domestic financing was 5.4 per cent of GDP.<\/p>\n

Touching on the E-levy, Prof Quartey called for the reduction of the rate from 1.5 per cent to 0.5 per cent or 0.75 per cent because the Government would not be able to meet its target of over GHS 6.9 billion.<\/p>\n

He said the half year 2022 figures showed a deviation of -40.8 per cent in the amount spent on Goods and Services, stressing that the country paid so much in wages and salaries but less for goods and services.<\/p>\n

He called for staff performance evaluations across the public sector, stating that wages and salaries as a percentage of tax revenue was 44.3 per cent, while compensation to employees stood at GHS 37,948,992,821 out of GHS 96,842,134,702.<\/p>\n

Touching on export commodities, he said the country still depended heavily on revenue from raw material exports and called for the need to modify structures to add value to primary products as a means toward adapting to the increasingly volatile world economy.<\/p>\n

Proceeds from gold exports declined to USD 5.08 billion from USD 6.8 billion for 2020 and 2021 respectively. The reduction was driven by lower export volumes despite higher prices in 2021 compared to 2020. Domestic initiatives, he stated, should be aimed at increasing productivity and improving output in key primary sectors and value chains.<\/p>\n

On the free Senior High School, Dr Osei Akoto, Head of Economic Division, ISSER, called on the Government to consider reviewing the policy to assess its potential impact on the national economy, due to challenges of infrastructure and feeding grants.<\/p>\n

On the health sector, he said the Agenda 111 vision of the Government was commendable but might not be realized by close of year, urging authorities to increase resources to ensure health equity in the face of on-going fifth wave of COVID-19 and the pending risk of monkeypox, and the Marburg diseases.<\/p>\n

For More News And Analysis About Ghana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Ghana. The Institute of Statistical, Social and Economic Research (ISSER) has called for aggressive domestic revenue mobilization through efficient tax and non-tax revenue generating measures to firm the country\u2019s fiscal space. The Institute also called for a unified common platform for collecting property rates to boost domestic revenue. Professor Peter Quartey, Director, ISSER, […]<\/p>\n","protected":false},"author":84,"featured_media":23876,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,3,7,8],"tags":[5092,5096,429,9860,9861],"class_list":["post-23877","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-community","category-head-lines","category-homepage-english","tag-africa-press","tag-africa-press-ghana","tag-ghana","tag-mid-year","tag-mobilization"],"yoast_head":"\nMid-year budget: ISSER calls for aggressive domestic revenue mobilization - Ghana<\/title>\n<meta name=\"description\" content=\"The Institute of Statistical, Social and Economic Research (ISSER) has called for aggressive domestic revenue mobilizati ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/ghana\/all-news\/mid-year-budget-isser-calls-for-aggressive-domestic-revenue-mobilization\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mid-year budget: ISSER calls for aggressive domestic revenue mobilization\" \/>\n<meta property=\"og:description\" content=\"The Institute of Statistical, Social and Economic Research (ISSER) has called for aggressive domestic revenue mobilizati ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ghana\/all-news\/mid-year-budget-isser-calls-for-aggressive-domestic-revenue-mobilization\" \/>\n<meta property=\"og:site_name\" content=\"Ghana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-03T19:07:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-08-03T19:30:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2022\/08\/postQueueImg_1-62eacc599076a.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"731\" \/>\n\t<meta property=\"og:image:height\" content=\"388\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/mid-year-budget-isser-calls-for-aggressive-domestic-revenue-mobilization#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/mid-year-budget-isser-calls-for-aggressive-domestic-revenue-mobilization\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Mid-year budget: ISSER calls for aggressive domestic revenue mobilization\",\"datePublished\":\"2022-08-03T19:07:01+00:00\",\"dateModified\":\"2022-08-03T19:30:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/mid-year-budget-isser-calls-for-aggressive-domestic-revenue-mobilization\"},\"wordCount\":500,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/mid-year-budget-isser-calls-for-aggressive-domestic-revenue-mobilization#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2022\/08\/postQueueImg_1-62eacc599076a.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Ghana\",\"ghana\",\"Mid-year\",\"mobilization\"],\"articleSection\":[\"all news\",\"community\",\"head lines\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/ghana\/all-news\/mid-year-budget-isser-calls-for-aggressive-domestic-revenue-mobilization#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/mid-year-budget-isser-calls-for-aggressive-domestic-revenue-mobilization\",\"url\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/mid-year-budget-isser-calls-for-aggressive-domestic-revenue-mobilization\",\"name\":\"Mid-year budget: ISSER calls for aggressive domestic revenue mobilization - 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