Director of Research at the Institute of Economic Affairs (IEA), Dr. John Kwakye is asking the government to adopt pragmatic measures in the 2022 budget to seal all loopholes in Ghana’s tax system to rake in more revenue for development. Ghana loses a substantial amount of revenue annually through illicit financial flows such as trade misinvoicing, transfer pricing and various forms of money laundering, as well as tax exemptions. Ahead of the budget presentation next week Wednesday, Dr. Kwakye, in an interview with Citi Business News called for stringent measures to address the unending canker. The problem with Ghana is that we are operating at levels that are just too low. If our revenue was higher than our expenditure, I’ll not be so much worried because then you’ll be raising the equilibrium level of the economy. But our expenditure is way above our revenue and as an economist, I get worried because we’re crawling and no one seems to be interested in raising more revenue,” he lament...