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David Ofosu-Dorte, a senior partner at AB & David Africa, has urged the Commissioner-General of the Ghana Revenue Authority (GRA), Anthony Sarpong, to focus on implementing sustainable tax policies rather than solely striving to meet revenue targets set by the International Monetary Fund (IMF).
During an interview on the Citi Breakfast Show with Bernard Avle, themed “30 Days into Mahama’s Government: What Have We Learnt So Far?”, Ofosu-Dorte highlighted the importance of a balanced fiscal strategy.
While acknowledging Sarpong’s expertise in leading the GRA, he stressed the need to expand the tax base and explore new revenue sources instead of relying on aggressive tax collection measures dictated by IMF requirements.
“He [Anthony Sarpong] is competent, but I think his two challenges are to broaden the tax base so more people can pay and find new sources and ensure that we can increase revenue. What I want him to avoid is increasing revenue based on the target set by the IMF,” Ofosu-Dorte stated.
Expressing concern over Ghana’s dependence on IMF benchmarks, he questioned why the nation’s financial planning revolves around externally imposed targets.
“I do not understand how we plan our whole life around what the IMF sets. As a nation, we should know the target, and those targets should also include reducing the government’s expenditure. It is not just about raising it only,” he added.
Ofosu-Dorte’s remarks emphasize the need for a more independent and sustainable approach to revenue generation, ensuring long-term economic stability for Ghana.
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