“…The tax rate has impact on the competitiveness of a country, and investors consider the implication of tax rates on their goods and services that they produce before making investment decisions. The cash in the hands of the taxpayers, that can be available for them to spend, is also reduced, if the rate of tax is too high, hence the many protest that accompany VAT rate increases in countries, as was the case in South Africa in 1991 with the introduction of VAT and in Ghana, in 1995, which resulted in the withdrawal of introduction of VAT (Go, Kearney, Robinson & Thierfelder, 2004;Andoh, Osoro & Luvanda, 2018) . It can, therefore, be argued that, if taxation is not well administered it can have severe consequences for the economy of the country and the country can fail to meet the needs of the country.…”