November 24, 2024
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Property rate is a direct tax meaning the person owning the property is taxed directly. It is also progressive, in that the properties of higher value pay more. The country stands to raise a conservative estimate of 5 billion Ghana cedis annually from property rates if its collection is maximized and its challenges are addressed.
In a one-on-one interview with Owoahene Achaempong of Sompa 90.7FM, the Technical Support Officer at the Ghana Revenue Authority, Nkoranza South District, explained that the responsibility of the property rate collection lies with the Municipal, Metropolitan and District Assemblies (MMDAs).
"Property rates are collected annually as part of the Internally Generated Funds (IGF) for the development of social amenities, local services, and infrastructure at the local levels. It is a tax on immovable properties such as land, buildings, and improvements." he narrated it to the Ade Akye Abia host.
Mr. Thomas Mensah added that defaulters who fail to pay their property taxes stand the risk of their accumulated properties being sold to deduct all tax areas.
Over the years, District Assemblies have been unable to maximize revenue collection, collecting less than 30% of their revenue targets, due to varying challenges from ignorance of the population to the lack of a database to monitor and track properties and their owners. Addressing these challenges and implementing property rate reform can be the necessary tool we need to wean ourselves from the feeding bottle of donor money.
To this Mr Mensah added that even gods will pay property taxes.
"We will collect property rates from mission houses, and shrines are equally not exempted"
Around the world, property rates, formally known as property taxes, are used to finance an array of services from waste management to education. For example, it is used in conjunction with the government funds to provide education, social services, cultural services, environmental services, and local planning.
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Minister for the Interior, Hon Ambrose Dery has through a statement declared Friday, 4th August a public holiday.
The statement which was issued on 26th July 2023 informed the general public to observe the statutory Public Holiday which marks the profound Founder’s Day throughout the country.
It read "The general public is hereby informed that Friday, 4th August 2023 which marks Founders' Day, is a statutory Public Holiday and should be observed as such throughout the country."
A subsidiary of TeraOne media, Sompa 90.7 FM has unveiled a life-transforming program dubbed "Abibiman". The development-focused initiative is meant to redirect the youth's focus, stimulate minds and inculcate a sense of purpose in them.
The Nkoranza-based media station launched the program with Mr. Gyimah Johnson, popularly known as Ask God Only on Thursday, July 27, 2023, and will air every Thursday, between 8:00 - 9:30 am.
Speaking at the unveiling with Owoahene Acheampong, Ask God advocated for capacity building which he labeled as the nation's strength.
He called on the youth to pursue their dreams and attain higher heights by improving their knowledge, character, and skills every chance they get.
According to Ask God, fear has gripped the younger people making them unable to take risks, seek help when needed, and ask the thought-provoking questions which would have opened their eyes and minds to practical knowledge.
He stressed how powerful our minds are, emphasizing that they need constant development so we can solve real societal problems.
Criticizing the current education system, Mr. Johnson (Ask God) volunteered that some students are still confused about the foreign curriculum and standards. He cried about how we have refused to learn how our rich natural minerals work so we can properly tap into them.
"We do not have our way of learning as blacks. Yet, we have ignored practical education on our cocoa, diamond, and manganese. Our education should be centered on that and not about tasking students to find an imaginary X and Y." he cried.
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