GRA exceeds revenue target for September
The Ghana Revenue Authority (GRA) has mobilised about GHC7, 457.97 million as against a target of GHC 7,128.61 million for September this year.
According to the GRA, domestic revenue grew nominally by 28.6% whiles customs revenue grew nominally by 29.8%.
“Tax revenue performance for September 2022 was GHC 7,457.97 million as against a target of GHC7,128.61 million. This clearly shows a positive deviation of 4.6%. This figure represents 29.8% of our year-to-date performance.” the GRA tweeted.
“We fell short of the target by GHC 466.61 million (i.e. 0.9%). The performance represents nominal growth rate of 29.0% over same period compared to last year’s collection of 26%. Domestic revenue grew nominally by 28.6%. Customs revenue grew nominally by 29.8%,” it added.
Tax revenue performance for September, 2022 was GHS7,457.97M as against a target of GHS7,128.61M. This clearly shows a positive deviation of 4.6%. This figure represents 29.8% of our year-to-date performance.
Officials have relaxed in blocking revenue loopholes
Meanwhile, the former deputy attorney general Joseph Dindiok Kpemka has expressed anxiety over the seeming lack of effort by duty-bearers to plug revenue loopholes in Ghana.
Speaking in an interview on Saturday, July 30, Kpemka said some duty-bearers are benefiting from the current situation, and so they are relaxed about working to ensure that money goes into the right pockets.
“The revenue leakage in this country is terribly bad,” Kpemka said. “There are situations in this country where, in some circumstances, we should have been taking US$100 million, but we only end up collecting US$2 million, and the rest goes into private pockets.
Action time
“I made effort to reach a certain high-level official, but I never got access. I was blocked. Some of them even saw me as a joke,” Kpemka said.
“Revenue is going down and we can plug the loopholes, but we are not taking action to plug the loopholes, because some people are benefiting from it.
“We know the loopholes, but it appears we’re relaxed. We’re not taking enough actions to block them. Per what I’ve seen on paper, we have what it takes to raise the needed revenue to run this country,” he said.
