EconomyGeneral NewsLocal NewsNews

GRA to Leverage Existing Tax Handles to Boost Revenue – Acting Commissioner General

The Acting Commissioner General of the Ghana Revenue Authority (GRA), Anthony Sarpong, has revealed plans to maximize revenue collection by strengthening existing tax handles as part of efforts to bridge the country’s fiscal gap.

Speaking to Ahotor Business on the sidelines of the National Economic Dialogue, Mr. Sarpong emphasized that the GRA is adopting strategic measures to enhance tax compliance, reduce leakages, and optimize revenue mobilization without necessarily introducing new taxes.

He noted that Ghana has several underutilized tax streams, and by improving efficiency in collection, enforcing compliance, and digitizing tax systems, the government can significantly increase revenue without overburdening businesses and individuals.

Mr. Sarpong also highlighted the importance of broadening the tax base by integrating more informal sector players into the tax net.

He stressed that taxpayer education, digital innovations, and stricter enforcement mechanisms would play a crucial role in achieving this goal.

The GRA’s renewed focus aligns with the government’s broader economic strategy to reduce the country’s dependence on external borrowing while ensuring sustainable funding for national development initiatives.

LISTEN TO THE AUDIO BELOW:

Audio Player

Story by: Osei-Akoto (Teacher Kojo) #ahotoronline.com/oseiakotor1@gmail.com

Show More

Related Articles

Leave a Reply

Back to top button