To restore and sustain debt sustainability, government is planning to reduce total public debt to GDP ratio to some fifty-five percent (55%) in present value terms by 2028, with the servicing of our external debt pegged at not more than eighteen percent (18%) of annual revenue also by 2028, President Nana Akufo-Addo has revealed.
According to him, government is committed to improving the revenue collection effort, from the current tax-revenue to GDP ratio of thirteen (13%) to between eighteen and twenty percent (18-20%), to be competitive with our peers in the West Africa Region.
Addresing the nation on the Economy, Nana Akufo-Addo said the GRA is rolling out an extensive set of measures to support this enhanced revenue mobilisation.
He called on Ghanaians to do their patriotic duty, and support the GRA in this exercise.
Source: Mybrytfmonline/ Kofi Atakora
