{"id":54066,"date":"2023-09-13T16:45:02","date_gmt":"2023-09-13T16:45:02","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/uncategorized\/koica-grants-govt-2-2m-to-strengthen-tax-policy"},"modified":"2023-09-13T18:23:48","modified_gmt":"2023-09-13T18:23:48","slug":"koica-grants-govt-2-2m-to-strengthen-tax-policy","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/koica-grants-govt-2-2m-to-strengthen-tax-policy","title":{"rendered":"KOICA grants govt $2.2m to strengthen tax policy"},"content":{"rendered":"

Africa-Press – Ghana. <\/strong><\/span>The Korea International Corpora\u00adtion Agency (KOICA) has signed a $2.2 million grant Memoran\u00addum of Understanding (MoU) with the government, through the Ministry of Finance to strengthen the capacity of Ghana\u2019s tax policy.<\/b><\/p>\n

Per the MoU, KOICA will collabo\u00adrate with top tax experts from Korea to establish a master plan tailored to the Ghanaian context, to improve tax admin\u00adistration in the country.<\/p>\n

The Deputy Minister of Finance, Dr John Ampontuah Kumah, yesterday signed on behalf of the government, whilst the Country Director of KOICA, Mr Dong Hyun Lee, signed for Korea at a brief ceremony in Accra.<\/p>\n

Dr Kumah said the grant agreement would help the government to broaden the tax system in order to increase rev\u00adenue to the country\u2019s national develop\u00adment.<\/p>\n

He said the government would lever\u00adage the Information Communication and Technology (ICT) tools, in addressing the loopholes in the country\u2019s tax collections.<\/p>\n

Dr Kumah said the MoU represented the tangible efforts and collaboration between the government of Ghana, and the people of Korea to improve lives, and as well contribute to the sustainable development of Ghana.<\/p>\n

He assured that the Ministry of Finance was determined to reducing the budget deficits and control the nation\u00adal debt, adding that \u201cthe surest way to reducing the deficits and control the national debt is to increase revenue.\u201d<\/p>\n

On his part, Mr Lee said KOICA would lay the foundation for a significant transformation in Ghana\u2019s tax admin\u00adistration by diligently sharing Korea\u2019s knowledge and vision with Ghana.<\/p>\n

He said Korea\u2019s remarkable eco\u00adnomic growth was not solely achieved through business development, but rather through dedicated efforts of the government and officials, who engaged in extensive learning through various master plan initiatives.<\/p>\n

\u201cKorea has also built its institutional systems through the development of master plans and research tailored to its own circumstances.<\/p>\n

The significance of tax revenue to socio-economics is unquestionable because, tax is the crucial resource for development like energy, land and human empowerment,\u201d Mr Lee said.<\/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 Korea International Corpora\u00adtion Agency (KOICA) has signed a $2.2 million grant Memoran\u00addum of Understanding (MoU) with the government, through the Ministry of Finance to strengthen the capacity of Ghana\u2019s tax policy. Per the MoU, KOICA will collabo\u00adrate with top tax experts from Korea to establish a master plan tailored to the […]<\/p>\n","protected":false},"author":84,"featured_media":54065,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,12],"tags":[5092,5096,429],"class_list":["post-54066","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-policy","tag-africa-press","tag-africa-press-ghana","tag-ghana"],"yoast_head":"\nKOICA grants govt $2.2m to strengthen tax policy - Ghana<\/title>\n<meta name=\"description\" content=\"The Korea International Corpora\u00adtion Agency (KOICA) has signed a $2.2 million grant Memoran\u00addum of Understanding (MoU ...\" \/>\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\/koica-grants-govt-2-2m-to-strengthen-tax-policy\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"KOICA grants govt $2.2m to strengthen tax policy\" \/>\n<meta property=\"og:description\" content=\"The Korea International Corpora\u00adtion Agency (KOICA) has signed a $2.2 million grant Memoran\u00addum of Understanding (MoU ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ghana\/all-news\/koica-grants-govt-2-2m-to-strengthen-tax-policy\" \/>\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=\"2023-09-13T16:45:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-13T18:23:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2023\/09\/sm_1694613102.196925.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\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=\"2 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\/koica-grants-govt-2-2m-to-strengthen-tax-policy#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/koica-grants-govt-2-2m-to-strengthen-tax-policy\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"KOICA grants govt $2.2m to strengthen tax policy\",\"datePublished\":\"2023-09-13T16:45:02+00:00\",\"dateModified\":\"2023-09-13T18:23:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/koica-grants-govt-2-2m-to-strengthen-tax-policy\"},\"wordCount\":356,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/koica-grants-govt-2-2m-to-strengthen-tax-policy#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2023\/09\/sm_1694613102.196925.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Ghana\",\"ghana\"],\"articleSection\":[\"all news\",\"head lines\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/ghana\/all-news\/koica-grants-govt-2-2m-to-strengthen-tax-policy#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/koica-grants-govt-2-2m-to-strengthen-tax-policy\",\"url\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/koica-grants-govt-2-2m-to-strengthen-tax-policy\",\"name\":\"KOICA grants govt $2.2m to strengthen tax policy - 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