Indexing government scandals one at a time
Ghana’s tax agency has hired McKinsey & Co. to help boost collections after missing the revenue target for the year trough August by 1.8 billion cedis ($367 million).
The move to increase income comes after the government of President Nana Akufo-Addo announced tax increases for top earners in July as part of measures to yield 1.3 billion cedis by the end of the year and enable the government to meet its budget-shortfall target. The International Monetary Fund said in March that Ghana should increase collections as spending on fixed investments is already too low.
Sept. 12, 2018
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