Extraction Taxes, Accra, and Leadership

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Extraction, corruption, leadership? We know the first two are routine, let’s hope for a change in the third……HK
International Conference On Resource Taxation Held In Accra

One of the major obstacles to the development of the African continent is the massive loss of revenue from the extractive industries through corruption, tax evasion and other forms of illicit financial flows.

Mohammed Amin Adam, Executive Director of the Africa Centre for Energy Policy (ACEP),  who made these known at the opening of an international conference on resource taxation in Accra last Thursday, therefore, urged African Governments to show commitment to blocking extractive sector revenue leakages and find innovative ways of maximizing mineral revenues before they were depleted.

Mr Adam also called for a more co-ordinated global approach to responding to multinational companies and collaborating governments perpetuating these practices, adding that Africa’s natural resources such as oil, gas and solid minerals were important assets that should be transformed into development for the people.

Link to the article: http://www.ghana.gov.gh/index.php/2012-02-08-08-32-47/general-news/4934-international-conference-on-resource-taxation-held-in-accra

» Uncategorized » Extraction Taxes, Accra, and Leadership
On March 3, 2014
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