The Ghana Revenue Authority (GRA) has clarified its revenue collection ambitions, dispelling misconceptions about a GH₵360 billion target by 2028. Instead, the GRA remains focused on achieving a more realistic yet ambitious goal of mobilizing GH₵220 million in revenue by 2025.
Commissioner General Anthony Sarpong stated that this goal reflects the Authority’s commitment to strengthening Ghana’s fiscal stability and economic growth through strategic reforms. To achieve this, the GRA is adopting innovative measures to broaden the country’s tax base and refine its tax administration processes. One such measure is the emphasis on improving Value Added Tax (VAT) collection, which remains a critical tool in bridging revenue gaps.
The strategic reforms and dedication to improving compliance are already bearing fruit. In the first quarter of 2025, the GRA recorded an impressive performance by exceeding its revenue target, collecting a record GH₵41 billion. This robust start signals a positive trajectory and underscores the Authority’s determination to meet its medium-term goals.
The GRA’s success stems from enhanced taxpayer education, digitalization of tax systems, and rigorous enforcement of tax laws. These efforts not only improve revenue collection but also foster a culture of tax compliance, contributing to national development.
As the GRA continues its mission, stakeholders are optimistic that these initiatives will build a sustainable revenue framework to support Ghana’s development agenda.
Story by: Mercy Addai Turkson #ahotoronline.com
