By Morkporkpor Anku
Accra, July 23, GNA – The Government will re-institute the integrated property tax system by synthesising data
from MMDAs, Lands valuation, ECG and other relevant government agencies to create a comprehensive digital
property record database.
This will transform property data management and ensure a more efficient and accurate property tax system.
Dr Mohammed Amin Ada, the Minister of Finance, said to enhance revenue mobilisation by IGF-reliant Covered
Entities, discussions would be held around provisions of incentives to those institutions that exceeded their revenue
target for the year.
The Minister said this when he presented the 2024 Mid-year Fiscal Policy Review to Parliament on Tuesday.
He said the Ministry would continue the deployment of Ghana.Gov Payment Platform to remaining public
institutions and ensure that all those already on-board went live.
Additionally, the outstanding activities for the full rollout and utilisation of the GIFMIS for the processing of IGF
expenditures would be completed by the end of the year.
He said the government would develop a framework for the re-introduction of road and bridge tolls to facilitate the
processes for the implementation of a modernised and efficient road and bridge tolling system commencing in 2025.
Dr Amin said for the rest of the year, the Ministry of Finance would deepen engagements with both GRA and
relevant stakeholders to effectively implement policy, administrative and regulatory measures to ensure that the
revenue targets were met.
He said to broaden the tax base, a simplified digital solution for the operationalisation of the modified taxation
scheme would be deployed, as well as an electronic bookkeeping system.
Additionally, 2,000 more taxpayers would be added to the electronic invoicing system (e-VAT) by the close of the
year.
He said GRA would continue with the cleaning of the taxpayer register and on-board more taxpayers onto its
electronic systems to improve the taxpayer experience and compliance.
“In addition, GRA will continue to enhance data sharing with other tax jurisdictions to boost revenue mobilisation,”
he added.
GNA
