Vice President Bawumia bemoaned the poor tax paying culture in the country, indicating that though potential employees in the country are estimated at 6 million individuals, only about 1.5 million persons are registered with the Ghana Revenue Authority and pay their Pay As You Earn (PAYE).

“In fact, Ghana ranks below Cote d’Ivoire, Kenya, Senegal, Cape Verde and Swaziland in terms of the contribution of payroll tax to GDP. In 2015/2016 fiscal year, PAYE contributed about 15% of total domestic revenue, the self-employed about 1.1% and corporate tax about 19%.  The combined contribution of about 35% is significantly below Singapore’s 50%, South Africa’s 54%, Canada’s 58% and Denmark’s 60%.”
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