VOLTA REGION IS THE SECOND LARGEST IN TERMS OF GOVERNMENT REVENUE APART FROM GREATER ACCRA.
Politicians have become adamant to the fact that, the source of government revenue is true taxation thus, direct and indirect tax.
We have income tax, customs and exercise taxation which forms the largest contribution as the source of government revenue with customs and excise tax contributing the largest to the tax poll. All other forms of taxation cannot be much to these components.
The time is here to disabuse the minds of the people to have a clearer understanding to the fact that, loans are a disincentive to the economy such that, one cannot justify loans as a merit to the country.
Royalties equally cannot be measure against the main source of Government revenue which is taxation, Government all over world use taxation as the major source of Government revenue and do not relies on royalties.
The cocoa Industry which many thought contributes to Government revenue is rather a total robbery on the cocoa farmer because, Government have no business doing business when our telecommunication, electricity and the water sectors cannot be managed by the state, which again is an insult to us, us a nation since these sectors can generate even more revenue than the cocoa sector, one needed to question why Government should monopolies the cocoa industry to make it look as if that is the most lucrative area for Government revenue.
It is entirely primitive to be looking at the cocoa industry as a fertile ground notwithstanding our mining industries, which have high potentials and prominence over the cocoa industry a situation where, bulks are sold for just a suitcase of gold. On the other hand, if very important state institutions have been privatized, why not privatize the cocoa industry.
Many little minds have argued that, the Volta region does not contribute resources towards building of the national economy thus, those who thought cocoa and gold are that which propel the economy, some of the politicians have equally made argument to this effect.
On August 3, 2011. Some youth of the Volta region expressed what they thought was their legitimate interest and demonstrated their displeasure about Government’s failure to extend development to the region, they called on, the regional minister to be relieved of his duties in what they perceived to be weakness on his part.
Over the years, previous Governments had treated the region with neglect because of the fact that, the region was not resourceful. But for the communal spirit of the people of the region the plight of the region would have remain in a bad shape.
When President John Mills was inaugurating projects and cutting the sod for new projects in other regions, the Volta Region’s share was a sod cutting for a policy fair by the Vice president and a son of the region, a deputy minister of information.
In the spirit of nationalism, there are historical facts, issues and comments which must be reserved for now, even though some citizens of the motherland thought only their voices must be heard because, they thought they know better that any other Ghanaian.
It will be wrong for any one to suggest that, royalties from gold or gains made from the sale of cocoa forms the largest contributions to the social net.
The TEMA habour and the KOTOKA international air port are the largest contributor in terms of revenue for the economy. Unless the opinion is misinformed, which other region follow in term of revenue generation? Nevertheless taxes are meant for development.