• 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 mobilizes Ghs 39 billion in tax revenue from January to September

4 years ago
in Business, Economy, highlights, Home, home-news, latest News
2 min read
0 0
0
48
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

GRA mobilizes Ghs 39 billion in tax revenue from January to September

The Ghana Revenue Authority (GRA) says it has been able to raise some Ghs 39.9 billion in tax revenues from the month of January to the month of September.

The mobilised tax revenues, the Authority notes, is close to this year’s targeted total tax revenues of Ghs 57 billion and express optimism of achieving the set tax revenue target by end-December 31, 2021.

The GRA with the adoption of key strategies to improve and augment tax collection has been leveraging the potentials of digital platforms to enhance and boost tax collection.

Speaking in an interview on the Authority’s tax collection strategies, Commissioner-General of the GRA, Rev. Ammishaddai Owusu-Amoah, noted that the authority has through the Integrated Customs Management System (ICUMS), on-line filing and payments, data warehousing and the recent resolve to use the much-touted Ghana Card and Tax Identification Number for all transactions regarding tax payment, has put the authority in the right direction toward maximising the current tax net.

Read: Nigeria losing $2.9 billion annually from tax waivers granted to multinational companies

“The adoption of these digital strategies has significantly put the authority in a position to meet our GH¢57billion target by December,” he said.

RelatedPosts

Inflation to Remain Within 8+/-2 Target Band by End-Q4, Says BoG Governor

BoG to Begin $1.1bn FX Intermediation Under Domestic Gold Purchase Programme this October

Ghana Aims for Victory Against Central African Republic in Crucial World Cup Qualifier

According to the GRA, while the formal sector is significantly high and requires a lot of effort to bring it to 100 percent compliance with tax payment – as some taxes are deducted at source, Rev. Owusu-Amoah admitted that defiance level is very high in the informal sector due to the economy’s cash-orientation.

He noted that several efforts, including tax education and the use of the Unstructured Supplementary Service Data (USSD) code *222# on all networks through mobile money, is being used to whip up enthusiasm for collections in the informal sector. The use of these avenues to increase collection in the informal sector has become necessary, according to the GRA, because past initiatives to increase tax collection from the sector did not achieve much.

“The informal sector is described as unregulated and highly non-performing in relation to tax payment. We used to work through the associations – e.g. artisans, food vendors and some trader-groups – but it didn’t help much,” the Commissioner-General noted.

The authority however said it has devised disciplinary measures to punish tax evaders who are non-compliant with the rules of tax payment.

Tags: Ghana Revenue Authority (GRA)GRA mobilizes Ghs 39 billion in revenue from January to SeptemberICUMS
No Result
View All Result

Highlights

Banks Write off GHS 893m in Bad Loans for First Half of 2025 

Former Bank of Ghana Deputy Governor Wins Inaugural Women in Leadership Fellowship at Oxford

Banking Industry: Non-Performing Loans Edge Higher to GHS 20.7bn

‘The Gulf of Guinea is our Wall Street, IMF, and World Bank Combined’, Says Air Vice Marshal Hanson 

GJA President Underscores Vital Role of Journalists in Safeguarding Ghana’s Maritime Domain

Barrick Exits Ivory Coast With $305 Million Tongon Mine Sale

Trending

Banking & Finance

Inflation to Remain Within 8+/-2 Target Band by End-Q4, Says BoG Governor

October 7, 2025

Inflation to Remain Within 8+/-2 Target Band by End-Q4, Says BoG Governor Governor of the Bank of...

BoG to Begin $1.1bn FX Intermediation Under Domestic Gold Purchase Programme this October

October 7, 2025

Ghana Aims for Victory Against Central African Republic in Crucial World Cup Qualifier

October 7, 2025

Banks Write off GHS 893m in Bad Loans for First Half of 2025 

October 7, 2025

Former Bank of Ghana Deputy Governor Wins Inaugural Women in Leadership Fellowship at Oxford

October 7, 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.