GRA targets GHS 146bn in tax revenue mobilisation for 2024
The Ministry of Finance and the Ghana Revenue Authority (GRA) have unveiled an ambitious tax target of GH¢146 billion for the 2024 fiscal year. This represents a formidable 37.7 percent surge from the GH¢106 billion collected in the previous operational year, underscoring the government’s commitment to fiscal sustainability.
Commissioner-General of the GRA, Dr. Ammishaddai Owusu-Amoah, revealed at the authority’s Customer Experience Conference in Accra that key strategies to achieve this target include identifying impediments to voluntary compliance and embracing technology to enhance tax adherence. The conference, themed ‘Building a Growth-Friendly Tax Environment,’ brought together tax professionals, policymakers, and international organizations to foster collaboration and knowledge-sharing in service delivery within the tax collection domain.
Dr. Owusu-Amoah highlighted the GRA’s strides in deploying digital tools to facilitate seamless and efficient tax transactions, citing a 2022 survey supported by the Foreign Commonwealth Development Office (FCDO). The survey indicated a commendable 71 percent overall satisfaction rate in dealing with the GRA, showcasing positive strides in customer relations.
Representing Finance Minister Ken Ofori Atta, George Winful, Director of Revenue Policy Division at the Finance Ministry, expressed the ministry’s steadfast commitment to supporting the GRA’s mission of transparent and effective revenue mobilization for national development. Acknowledging the ambitious target, Winful urged stakeholders to “roll up their sleeves” and work collectively to achieve the set objectives.
“We need to quickly roll-up our sleeves and hit the ground running once again. Let us get to work with all the determination and zeal, armed with the requisite strategies to achieve the target,” he remarked.
Key stakeholders from various sectors, including the Ghana Union of Trade Associations (GUTA), Deloitte and Touch, Association of Ghana Industries (AGI), and other industry representatives, participated in the conference. Their involvement underscores the collaborative effort required from diverse sectors to realize Ghana’s ambitious tax revenue mobilization goals.
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