Strengthening Domestic Resource Mobilization and Leveraging Public Expenditures in

Ghana- West Africa.was

adopted in

the year

2000 -2015

Performance of the MDGs

In the September

2015

Comprising 17 Objectives and 169

targets to be achieved between

2016-2030

1. Overcoming poverty

Infact SGD's just seems ambitious, complex and seems unattainable.

The SDGs are of dual challenge

2. Protecting the planet

1. WHY does it seems unattainable ?

2.How can we finance?

3.Can we even value it in monetary terms?

becausebecause!!!!!!!!!!, , More financial resources are

available globally, but channeling them to support the

SDGs is the only challenge.

These are the Sources of Public and Private Finance 1. Official Development Finance (ODA)

2. Migrant Remittances

3. Foreign Direct Invest (FDI)

4. Private Philantrophy

5. Domestic resource mobilization (DRM)

BUT NOTE!!!! • The realization of the SDGs will require more than money.

• But needs a global change of > mindsets > approaches and > accountabilities

Source:http://www.un.org/esa/ffd/wpcontent/uploads/2015/03/1ds-zero-draft-outcome.pdf .

Domestic resource mobilization (DRM) has

increasingly become a key source for funding

national development plans. Reflecting positive

global growth trends, DRM of emerging and

developing economies amounted to US$ 7.7

trillion in 2012.

That is, developing country treasuries now receive

over US$ 6 trillion more each year than in 2000, Source“Financing for Development Post-2015,” World Bank, 2013

ODA to Ghana is declining!!!

Because 50% to 80 % of resources needed to finance the SDGs will have to come from countries’ own domestic resources.

source: United Nations Report on MDGs

***Therefore we have to Strengthen Domestic Resource Mobilization (DRM) and

Leverage Public Expenditures in Ghana.

**

• DRM includes Tax and Non-Tax Revenues

Tax to GDP Ratio in Developing Countries

**Tax to GDP Ratio in Developing Countries is about 17% and in OECD Countries is about 35%, this tells the opportunity of Developing countries to access more of tax revenues.

• Tax policies and smart tax administration efforts.

• Use of Technology to reduce illicit financial flows

• Strengthen the capacity of tax agencies to implement tax policies.

How to Mobilize Tax Revenues Efficiently in Ghana.

Controlling Public Expenditure in Ghana

****Public Expenditure is all about

1. Doing the right things and

2. Doing them well

and it is in both in Allocative aspect and technical aspect.

3 Major Contributors to the Inefficiencies in Public Expenditure

1. Capacity

2. Capture

3. Corruption

Conclusion* Ghana's Development process is seen to be possible if built on the principles of

Shared responsibilityand

Shared Solidarity

THE END