• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

GRA Chief Defends GHS 200 Billion Revenue Target as Attainable

7 months ago
in Business, Economy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
77
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

GRA Chief Defends GHS 200 Billion Revenue Target as Attainable

The Acting Commissioner-General of the Ghana Revenue Authority (GRA), Anthony Sarpong, has defended the government’s ambitious GHS 200 billion revenue target for 2025, arguing that it is within reach if the right policies are implemented.

Despite skepticism over the feasibility of such a sharp increase in tax receipts, Sarpong maintained that improved compliance measures and enhanced enforcement mechanisms could unlock significant revenue streams.

He pointed to underperforming tax areas, particularly value-added tax (VAT), as opportunities for growth.

“Indeed, it looks insurmountable on the face of it. But I believe that with determination, the right strategies, and teamwork, we will be able to meet this challenge,” Sarpong said. “There are several areas where our tax handles are not performing. The minister mentioned VAT, which contributes about 17% of domestic tax revenue, compared to around 50% in peer economies. If we focus on VAT, we should be able to close some of the gap.”

The government’s revenue target comes as it seeks to boost domestic tax collection to ease fiscal pressures and reduce reliance on external financing.

However, the challenge lies in addressing structural inefficiencies within Ghana’s tax system, where compliance remains a key concern.

RelatedPosts

Fuel Prices Set to Rise Marginally at the Pumps From Today

Failure to Enforce Mining Laws Driving Food Insecurity, Says EGP’s Abdul Karim Mohammed

GSE Composite Index Climbs to 8,168.35 Points on Gains in FML, ETI and SOGEGH

The GRA is expected to introduce a raft of measures aimed at improving enforcement, digitization, and broadening the tax base, but the scale of the challenge raises questions about the pace at which such reforms can yield results.

 

Tags: graGRA Chief Defends GHS 200 Billion Revenue Target as Attainabletax revenue

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Highlights

Global Crude Exports Set to Hit All-Time High in October

BoG Raises GHS 7.74bn From 56-Day Bills at 21.4% Yield

10 Most Indebted Countries as Global Debt Soars to $150 Trillion

WAFU B U17 BOYS: Black Starlets Ease Past Nigeria to Book U17 AFCON Ticket

UEFA Champions League: Galatasaray Shocks Liverpool, Mbappé bags Hat-trick as Real Madrid Run Riot

Finance Minister Strikes Upbeat Tone About Economy as IMF Begins Fifth Programme Review

Trending

Business

Fuel Prices Set to Rise Marginally at the Pumps From Today

October 1, 2025

Fuel Prices Set to Rise Marginally at the Pumps From Today The price of petroleum products is...

Failure to Enforce Mining Laws Driving Food Insecurity, Says EGP’s Abdul Karim Mohammed

October 1, 2025

GSE Composite Index Climbs to 8,168.35 Points on Gains in FML, ETI and SOGEGH

October 1, 2025

Global Crude Exports Set to Hit All-Time High in October

October 1, 2025
Bank of Ghana

BoG Raises GHS 7.74bn From 56-Day Bills at 21.4% Yield

October 1, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.