Rising public debt challenges Ghana Beyond Aid agenda
The country, as it stands now, spends 40 percent of what it collects in tax revenues to service its debt.
That leaves little or no money at all for capital expenditure, thereby holding back the growth of the economy.
“I think that is an area we have to pay attention to if we are going to make Ghana Beyond Aid happen,” he said.
Indeed some tax experts have said if the government is able to implement, effectively and efficiently administer tax policies, it could rake in much more revenue.