GRA targets GH¢360 billion in tax revenue by 2028 to boost domestic mobilisation

The Ghana Revenue Authority (GRA) has announced its program to make astatine slightest GH¢360 cardinal successful taxation gross by the extremity of 2028, arsenic portion of a broader strategy to fortify home gross mobilisation and summation the country’s tax-to-GDP ratio.

The Acting Commissioner-General of the GRA, Anthony Sarpong, announced the people during an X-Space discussion.

According to him, caller improvements successful taxation mobilisation tin beryllium attributed to averaging maturation rates betwixt 25 and 30 percent from 2020 to 2024 to ongoing reforms wrong the authority.

He added that determination is the request for the GRA to look wrong and intensify efforts to broaden Ghana's taxation nett particularly wrong the informal sector.

“For 2025, we’ve acceptable a people of GH¢200 billion, up from GH¢153 cardinal successful 2024. By 2028, we anticipation to deed a minimum of GH¢360 billion. The initiative, dubbed '360 by 28,' aims to much than treble existent taxation gross levels and rise Ghana’s tax-to-GDP ratio from 13.8% to betwixt 17% and 18% by the extremity of the medium-term period," helium stated.

Outlining cardinal strategies to scope the 2028 target, Sarpong cited digitalisation and information analytics arsenic captious enablers arsenic a means for the authorization to lucifer idiosyncratic and concern activities with taxation obligations.

“We are successful a integer and automated satellite and GRA indispensable not beryllium near down successful presumption of technological transformation. That is wherefore we’re digitising taxation medication to scope much taxpayers, including those extracurricular the net. We are besides utilizing mobile wealth transaction information to bring much of the informal assemblage into the taxation fold,” helium said.

The GRA’s “360 by 28” run supports the government’s broader economical agenda, aiming to heighten fiscal stableness and thrust sustainable nationalist development.

SP/AE

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