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Ghana Wants to Shake Up the Way It Collects Taxes

  • Country plans to raise spending and reduce debt levels
  • Revenue authority to roll out stricter tax registration rules
Vendors sell goods to customers at a market in Accra, Ghana, on Sept. 18, 2016. 

Vendors sell goods to customers at a market in Accra, Ghana, on Sept. 18, 2016. 

Photographer: Ty Wright/Bloomberg
Updated on

Ghana wants to shake up the way it collects tax with the International Monetary Fund telling the government that it’s not raising sufficient income.

The West African nation needs to increase revenue as it plans to raise spending and reduce debts, which the IMF said remain at risk of distress. At the same time, Ghana is finalizing a $1-billion bailout program it entered with the Washington-based lender in April 2015 and has to meet targets for fiscal consolidation after years of chronic overspending.