Civil Society Organization ActionAid Ghana has called on the government to implement stronger policies to curb illicit financial flows.
The organization argues that addressing this issue is critical to mobilizing domestic resources, boosting investor confidence, and enhancing economic development.
Country Director of ActionAid Ghana, John Nkaw, speaking to the media on the sidelines of the National Civil Society Dialogue and Mobilisation on Financing for Development (F4D) stressed that plugging revenue leakages through illicit financial activities could free up funds for investment in key sectors such as infrastructure, education, and healthcare.
“The more and more our taxes are piled to pay debts, the more and more social infrastructure are lost. We are talking about new schools, new hospitals, and providing water sources for women in rural places where they can spend less time going to fetch water.
“Government needs to embark on progressive taxations. Taxation that will ensure that the rich who can pay pay more so that government can pay for the gender responsive public services we are talking about.
“There is also the need for government to map out concrete mechanisms to address illicit financial flows which sees a lot of Ghana’s resources being plundered out of the country. In that way, government will be ensuring that a lot more investment will go into if you like food crop agriculture, he stated.
