Ghana’s revenue authority has identified the informal sector as a means of widening the tax net and increasing revenues.
A technical adviser to the ministry of finance and a former commissioner of Customs, Isaac Crentsil, said Ghana’s budget for 2020 was focused on addressing the informal sector, which was a large chunk of businesses in Ghana.
According to ‘Eye on Port’, he said measures had already been put in place to include companies and individuals in this sector.
Not enough had been done previously to make members of this sector understand their tax obligations, and a lot was being done to first educate them, and then simplify tax payment methods to increase compliance in that sector, he added.
