The African Center for Economic Transformation (ACET) in partnership with the Ministry of Finance of Ghana and the International Monetary Fund (IMF) convened a domestic revenue mobilization (DRM) conference from April 4-5 at Mövenpick Ambassador Hotel in Accra.
The objective of the meeting was to support Compact with Africa (CWA) countries to overcome aid dependence, ease financing constraints and enhance growth prospects—all key elements to achieving prosperity without jeopardizing debt sustainability.
The CWA initiative aims to attract private investment to the CWA countries by ensuring macroeconomic stability. Investment-friendly tax systems could help maintain fiscal discipline, while providing adequate financing for governments’ development needs.
The conference dealt with institutional and political constraints in revenue mobilization, improving tax compliance, and alleviating base erosion and profit shifting by multinational companies. It also focused on common DRM challenges and proposed short- and medium-term growth-friendly revenue-enhancing solutions. The conference also provided a forum for knowledge sharing and peer-to-peer learning among senior government officials, experts, representatives of the civil society, and development partners.
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