By Project Professional Ghana
Full: Chapter 1-5
Domestic tax revenues are a powerful resource for funding the public payments of developed, developing and underdeveloped countries. Without domestic tax revenues, governments borrow either international or domestic to finance their operation. The study assessed the challenges of domestic tax revenue mobilization in Ghana. The objectives of the study were to outline the influence of domestic tax revenue on the Development of Ghana, the mechanism put in place to ensure adequate domestic tax revenue mobilization and the factors influencing domestic tax revenue mobilization in Ghana. To achieve the objective of the study, convenient sampling was used to select 80 respondents from the Ghana Revenue Authority in Accra. The main data collection instrument used was the questionnaire. The data were analysed using Statistical Package for Social Sciences (Version 26) software and presented using percentages, frequencies and tables. The findings of the study revealed there are frequent delays in the approval of new incentives and additional sources from the central government when it comes to domestic tax revenue mobilization. This is because there is a lack of commitment on the part of management to ensure effective and efficient revenue mobilization. It was recommended that the government should adopt adequate measures such as the digitalization of revenue mobilization to guard against revenue mismanagement to ensure the provision of expected development at the local level.