Government charge focus on non-tax acquirement in the mid-year account ysis to coffer up her revenue, an Economist, Dr Frank Agyire-Tettey has suggested.
He explained that fines and penalties were avenues government could accession added funds to accommodated her acquirement target.
Government is appear to be gluttonous to accession added GHȻ2.9 billion through the addition of new taxes in the mid-year account yet to be presented to Parliament, to accommodated her amount and approved banking obligations for the 2018 budgetary year.
Speaking in an account with the Times Business in Accra bygone on the mid-year account on the sidelines of the signing of a affiliation acceding amid Lynch Basic and Corlido Group, Dr Agyire-Tettey, who is a academician at the Department of Economics, School of Social Sciences of the University of Ghana, opined that government had generally focused on tax to advance her acquirement and not paid absorption to the non-tax sector.
Under the affiliation acceding beneath the theme, ‘Global abode in business addition and cardinal financing’, the two companies would action balance factoring and receivable costs casework in which they would accommodate banking and accumulation chain, acumen and accretion abutment for bounded companies which appetite to assassinate their infrastructural projects.
He said the fines and fees area presented a huge befalling for government to accession added banking assets to accommodated her acquirement targets, instead of introducing new taxes to accountability tax payers and the clandestine sector.
“There is huge abeyant in the non-tax sector. We should not alone aloof attending tax acquirement but additionally focus on non-tax acquirement such as fines and fees. If we are able to do that we can accomplish a lot from the sector,” the academician said.
Dr Agyire-Tettey cited the United Kingdom area the government was authoritative a lot of acquirement through atom fines for cartage offences.
Against this backdrop, the Economist fatigued the charge for government to digitise the abridgement and acquaint cyberbanking agency of accession fines.
Introducing cyberbanking arrangement for the accumulating of fines and fees, Dr Agyire-Tettey acclaimed it would abode animal action and leakages associated with the accumulating of fines and fees.
The academician entreated the government to ascendancy her amount and be fiscally acclimatized so as to accommodated her budgetary target.
Touching on the balance factoring and receivable financing, Dr Agyire-Tettey is aimed at accouterment banking abutment to firms, in which Lynch Capital, a bounded accounts aggregation and Corlido Group, a all-around accumulation chain, acumen and accretion account provider, would pay for the invoices of companies to accord some banking acquittal so that they can use their alive basic for added commitments.
Mr Frederick Dodoo said the balance factoring and receivable costs was to advice companies move from the acceptable age continued adjustment of coffer loans and balance discounting in active their projects.
He said the artefact would advice companies to focus on their amount services, while Lynch Basic and Corlido Group focused on costs and accouterment logistical and accretion needs for their infrastructural projects.
Mr Dodoo said the affiliation amid Lynch Basic and Corlido Group was to abode the alive basic absence apropos of bounded companies.
He entreated bounded companies to use the balance factoring and receivable costs advantage to accounts their projects and chargeless up their alive basic for added important commitments.
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