- Prof. Quartey argues betting tax should support youth programs
- ISSER warns about GDP growth falling below average
- 2025 budget offers hope with tax reliefs
The Institute for Statistical, Social, and Economic Research (ISSER) has expressed optimism regarding the 2025 budget, particularly due to its tax relief measures.
However, in its 2025 Post-Budget Review, the institute raised concerns about the slow projected GDP growth, which is below the Sub-Saharan African average.
Speaking at the budget forum, ISSER’s Director, Prof. Peter Quartey, emphasized that the government must work hard to achieve its ambitious revenue goals.
“The budget gives hope, especially with the proposed tax reliefs and reforms. If executed well, they could bring benefits. However, the low GDP projection, which falls behind the Sub-Saharan African growth rate, is concerning,” he remarked. He further added, “We need to achieve a higher growth rate of 6 to 8 percent if we want to lift many people out of poverty. We are also unsure whether the revenue target will be met, especially with a 45% increase in corporate and property taxes. How will this happen?”
Prof. Quartey also criticized the government’s decision to remove the betting tax. He argued that the revenue from betting taxes should be redirected to youth development initiatives, rather than scrapping the levy altogether.
“We’ve been told that road tolls generate GH₵72 million, while betting tax brings in around GH₵140 million. Now, we want to bring back road tolls, which generate less, and eliminate the betting tax, which generates more. I know the youth may not agree, but I disagree with this decision,” he concluded.
