IFP calls for stronger revenue mobilization in 2012
The Institute for Fiscal Policy (IFP) of the Integrated Social Development Centre (ISODEC) has termed the 2012 budget as a bold and ambitious initiative by the government.
Although the IFP acknowledges the steps by government to improve the lot of Ghanaians, it also identifies some pitfalls which can hinder the achievement of goals set in the budget.
In a statement issued by the IFP, it acknowledges that the 2012 budget and economic policy statement is a tool for wealth creation but more importantly how wealth is re-distributed and allocated.
The statement also advocates for the macro-economic improvements gained already by Ghana to be used to improve the quality of life for the average Ghanaian.
In order to ensure that, the IFP wants steps to be taken to track and publish progress in the creation of sustainable employment in every sector of the economy, including projected targets for 2012.
The IFP also acknowledges that there is the need to strengthen revenue mobilization efforts in the 2012 financial year, with greater focus on domestic sources as well as the need for implementation to be seen in concrete ways, alongside the importance of targeting employment generation sources.
According to the IFP, efforts must also be made to transform the structure of the economy from primary commodity-dependent based, to a highly diversified and high value multi-product economy.
Accra, May 17, 2012
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