Dean of the Faculty of Accounting and Finance at the University of Professional Studies, Accra (UPSA), Prof. Isaac Boadi, has commended the government for suspending some fuel taxes to ease the burden on Ghanaians but raised concerns about falling revenue targets.
Speaking on AM Show on JoyNews, he noted that while the reduction in fuel prices and levies has brought relief, it also raises questions about the country’s ability to meet its revenue expectations.
According to him, although the government had earlier indicated that Ghana could withstand external shocks such as global tensions involving the US, Iran, and Israel, recent developments, including reductions in fuel prices and levies, suggest a shift in approach.
He acknowledged that such interventions help reduce pressure on citizens and demonstrate responsiveness from the administration.
However, Prof. Boadi pointed out that data from the Ghana Revenue Authority (GRA) indicates that revenue targets for the period have not yet been met, which he described as concerning.
He questioned how the government intends to balance ongoing subsidies and tax relief measures with the need to generate sufficient revenue to meet expenditure demands.
He therefore called on the Ghana Revenue Authority to adopt more effective strategies to boost revenue mobilisation, stressing that sustainable revenue is critical to funding national development.
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