Economist, Professor Godfred Bokpin has urged the government to rethink its approach to taxation, emphasising that taxes should not be seen solely as a tool for revenue generation but as an enabler for economic growth and business development.
Speaking on Channel One TV on Tuesdays, March 11, 2025, Prof.
Bokpin expressed concerns about the current tax mix, stating that additional taxes have not significantly improved tax buoyancy.
Instead, he noted a trend of "tax substitution," where new taxes merely replace existing ones without increasing overall revenue efficiency.
