IMANI Africa accuses Finance Ministry of a GHS9.2bn tax irregularities
According to IMANI Africa, the Finance Ministry is responsible for tax irregularities of GHS9.2bn.
Prosper Kwaku Selassy Agbitor 
IMANI Africa is accusing the Finance Ministry of a GHS9.2bn tax irregularities.
The tax irregularity, according to IMANI Africa, was recorded from the year 2015 to 2020.
The IMANI Africa's report contained in its 2nd Fiscal Recklessness Index 2020 Project.
According to the report, the Finance Ministry “(and subsidiary agencies) top the list of MDAs as the most fiscally reckless MDA on an annual basis and also over the six years between 2015 and 2020.”
The report added that the Ministry of Finance had the highest combined Fiscal Recklessness Score (FRS) of 0.8797.
The report noted that two key irregularities that account for Ministry being the top fiscal recklessness are; tax irregularities and cash irregularities.
“For example, the Finance Ministry is responsible for 99.63% (GH₵9.10 billion) of the combined GH₵9.12 billion tax irregularities from 2015 to 2020. “Likewise, the Finance Ministry accounted for 80.10% (GH₵2.35 billion) of the combined GH₵2.93 billion cash irregularities from 2015 to 2020 — this trend remains the same on a nornormalized basis,” it stated.
According to the Fiscal Recklessness Index 2020, the Health Ministry follows as the second most fiscally reckless institution with an FRS of 0.1007.
“The Health Ministry overtook the Finance Ministry as the most fiscally reckless MDA in 2020 (FRS: 0.5510 vs 0.3384 for the Finance Ministry).” The third, fourth and fifth most fiscally reckless MDAs over the six years was the Ministry of Roads and Highways scoring FRS: 0.0284,Ministry of Employment (FRS: 0.0184), and Ministry of Foreign Affairs FRS: 0.091", the report added.
