Mr Yaw Osafo-Maafo, the Senior Presidential Advisor, has charged members of the Local Government Service Council to put in measures to improve the accounting functions and efficiencies of the Assemblies, especially in revenue generation.
Mr Osafo-Maafo said the 2021 Population and Housing Census (PHC) results had provided relevant data and information on building structures in the country to generate revenue including property rates, and property-related taxes.
“In more similar contexts in Africa, the performance of property rates remains far better than the case in Ghana. For example, property rates and property taxes contribute an average of 1.5 per cent of the GDP in South Africa, which contributes one per cent in the case of Mauritius, and 0.5 per cent in the Gambia.
“In Ghana, we only realise 0.03 per cent of GDP from property rates and other land-based taxes, the Gambia generates revenue from property rates and taxes about 17 times more than we do in Ghana,” he said.