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Ho Municipal Assembly, Ghana – In a bid to rectify decreasing revenue concerns, the Ho Municipal Assembly has passed a resolution to put an end to the Ghana Revenue Authority’s collection of property rates. The decision was made during a meeting held on Wednesday, August 30, 2023, after thorough examination of the available records.
According to the records assessed by the Assembly, a visible decline in revenue fortunes ensued since the Ghana Revenue Authority took over the responsibility of collecting property rates. As an attempt to reverse this trend, the Assembly undertook extensive discussions which eventually led to the resolution being passed.
Property rates play a vital role in generating income for the Ho Municipal Assembly, ensuring the provision of essential services and infrastructural development for the community. Concerns have been raised regarding the impact of the Ghana Revenue Authority’s involvement on the Assembly’s financial stability.
The decision to halt the collection of property rates by the Ghana Revenue Authority aims to regain control over revenue generation, streamline the process, and ultimately improve the income prospects for the Assembly. The move is expected to bring about renewed financial stability, enabling the Assembly to continue serving the community efficiently.
The Ho Municipal Assembly further stated that it will be taking immediate action to assume direct responsibility for the collection of property rates. This will involve the deployment of a reformed system to ensure effective and efficient tax collection, as well as providing property owners with a smoother payment process.
With this new resolution in place, the Assembly is optimistic that it will be able to restore its revenue fortunes and fulfill its commitment to the development and well-being of the Ho community. The decision has been received positively by residents, who eagerly await the forthcoming changes and improvements that will follow the Assembly’s direct involvement in property rate collection.
Find below the resolution letter
Source:locotvgh