Property Rates Bill: How long are we going to linger around revenue loopholes?;
In addition, the temporary aftereffects of the 2021 Population and Housing Census (PHC) from the Ghana Statistical Service (GSS) demonstrate that there are around 10.7 million designs in Ghana. It is critical to likewise take note of that a small part of the designs is for business purposes and not just for house buying, which draws in various property rates relying upon the utilization worth of the construction.
For straightforwardness and taking everything into account, in the event that a level pace of GH?100.00 is charged month to month on each property for the 10.7 million designs, GH?1.07 billion will be produced month to month and GH?12.84 billion yearly for property rates as it were. This is over two times the worth anticipated for the electronic exchange demand (e-demand).
The GhanaPostGPS address framework has facilitated the monotonous errand of distinguishing structures and their proprietors in Ghana. Much can be utilized from this notable location framework while utilizing portable cash administrations and the ghana.gov stage for the installment of property rates, dispensing with human obstruction to the most un-conceivable to assist with limiting defilement in the assortment of property rates.
Any reasonable person would agree that with property rates effectively carried out, the economy has a potential income source that can be utilized as influence to make the economy more strong to endure worldwide monetary shocks, speed up financial turn of events, and productively execute leader programs that will add to financial prosperity. In any case, it lays on the Ministry of Finance, Ghana Revenue Authority, and all partners to move toward this course with discipline, straightforwardness, consistence, and responsibility.
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