Abstract:
This study evaluated taxation as a mechanism of revenue generation in Ghana. Relevant
data were collected through primary and secondary sources. The secondary data
covered period that span from 2008 to 2018 and were extracted from Ghana Statistical
Service and the Ministry of Finance and Economic Planning. The primary data was
through the use of close-ended questionnaire administered to tax officials within the
Kumasi Metropolis and members of Chartered Institute of Taxation Ghana. The study
used linear regression, Mann-Whitney U test and descriptive statistics to analysis the
data collected. The study revealed that the contributions of taxation to domestic tax
revenue over the period have been significant but not efficient and effective to solve
Ghana’s budget deficit problem. The ineffectiveness of the tax system was as a result
of numerous challenges faced by tax administrators and complex and opaque tax laws.
The study concluded that the contributions of taxation to domestic revenue have been
significant but not efficient and effective in Ghana, and for that reason the government
must address the challenges faced by tax administrators and enact laws that would be
simple to administer a good tax system and policy to increase revenue generation to
meet government spending and elevate budget deficit.
Description:
A thesis in the Department of Accounting Education, Faculty of Business
Education, submitted to the School of Graduate Studies in partial fulfillment of
the requirements for the award of the degree of Masters of Business
Administration (Accounting option) in the University of Education, Winneba
JULY, 2019
