Ghana: African govts urged to increase domestic tax revenue… to finance development projects

The African Union Com­missioner for Economic Development, Trade, Industry and Mining, Mr Albert Muchanga, has called on African governments to put in place effec­tive strategies to rump up domestic tax revenues in order to finance their development projects.

According to him, the develop­ment stagnation of the continent was a clear indication that reliance on foreign aid was not the way out.

Addressing the media on the sidelines of African Union Mid-Year Coordination…