According to economist Dr. Adu Owusu Sarkodie of the Department of Economics, University of Ghana, digitalization and digitization require special attention if the government is to increase revenue for its policies and programs and move the economy out of the current crisis.

Government may generate a lot of money if it takes advantage of digitization and digitalization.

To prevent income leaks, combine digitization and revenue collection, he advised.

Before obtaining necessary services like passports, driver's licenses, etc., tax certificates must be submitted, he continued.

Dr. Sarkodie also pointed out the tax sectors that are growing fast. He mentioned the service, industrial and agric sectors as areas that would give the government so much revenue.

He also urged the government to focus attention on some key sources of revenue generation.

“Property rates and tax exemption bill should be accelerated. Property rates can rake in GHC16 billion annually. 8 billion can also be realized from the informal sector” he opined.

Tax exemptions, he observed, can be cut by GHC5 billion to help reduce pressures on the government’s finances.

Dr. Sarkodie expressed these sentiments during the Danquah Institute’s Economic Forum which took place at the ISSER building at the University of Ghana, Legon, on Friday, December 9, 2022.

The forum was also attended by Dr. George Domfeh, Dr. Kwadwo Opoku with Professor Eric Osei Assibey as chairman.