{"id":92918,"date":"2025-09-06T17:19:55","date_gmt":"2025-09-06T17:19:55","guid":{"rendered":"https:\/\/sotnews.agency\/?p=92918"},"modified":"2025-09-06T17:19:55","modified_gmt":"2025-09-06T17:19:55","slug":"gra-and-creatives-have-the-opportunity-to-widen-tax-net-latif-abubakar","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=92918","title":{"rendered":"GRA and creatives have the opportunity to widen tax net \u2013 Latif Abubakar"},"content":{"rendered":"
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Playwright and Chief Executive of Globe Productions, Latif Abubakar, has urged the Ghana Revenue Authority (GRA) and the creative industry to work together to expand the country\u2019s tax net, highlighting the enormous potential of the creative economy to boost Ghana\u2019s Gross Domestic Product (GDP).<\/p>\n

Speaking at the 7th edition of the Showbiz Roundtable<\/strong> on the theme \u201cTaxation and the Future of Ghana\u2019s Creative and Digital Economy\u201d<\/em> on Saturday, September 6, Mr. Abubakar stressed that the creative industry remains a largely untapped sector capable of contributing significantly to national revenue.<\/p>\n

\u201cI think one of the major things the GRA wants to do is to widen the tax net. Both the GRA and the creatives have an opportunity to widen the tax net. Globally, the creative economy contributes close to $4.1 trillion. In Sub-Saharan Africa, it is about 4% of GDP, roughly $58 billion. For Ghana, projections show the creative economy could contribute between $20 to $30 billion annually if we do things right,\u201d he said.<\/p>\n

However, he lamented the absence of reliable data on Ghana\u2019s creative economy, which makes it difficult to determine its actual contribution to GDP. \u201cWe started processes to gather data some years ago, but without proper data, we cannot measure the true value of the industry,\u201d he explained.<\/p>\n

Mr. Abubakar also cautioned against taxation policies that cripple rather than support creatives. He narrated a case where a young playwright lost his company after being taxed on complimentary tickets issued during his debut production.<\/p>\n

\u201cFor every production, you give out complimentary tickets so people can experience the arts. Unfortunately, after giving out tickets and losing money, GRA still demanded tax on them. The young man was slapped with nearly GH\u00a210,000 in taxes, on top of a GH\u00a230,000 loss. That was the end of his company,\u201d he recounted.<\/p>\n

He emphasized that while GRA has a mandate to mobilise revenue, the creative industry must be nurtured to grow and contribute sustainably. <\/p>\n

\u201cThere\u2019s an industry that can help widen the tax net. Stakeholders need to sit together and design policies that support both revenue generation and the growth of the creative sector,\u201d he added.<\/p>\n<\/div>\n

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\"GRAPlaywright and Chief Executive of Globe Productions, Latif Abubakar, has urged the Ghana Revenue Authority (GRA) and the creative industry to work together to expand the country\u2019s tax net, highlighting the enormous potential of the creative economy to boost Ghana\u2019s Gross Domestic Product (GDP)<\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_2277560469115098_106292521332774":"","twitter_aToxNzczMzI3Njk4OTg4ODUxMjAxOw==_1773327698988851200":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[8050,3572,1906,2415,1883,117,10,9],"tags":[],"class_list":["post-92918","post","type-post","status-publish","format-standard","hentry","category-creatives","category-gra","category-hp-news-5","category-latif-abubakar","category-national","category-news","category-politics","category-popular"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/92918","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=92918"}],"version-history":[{"count":0,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/92918\/revisions"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=92918"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=92918"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=92918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}