• 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

 Importers and Exporters Association Decries “Mafiarian” Auctions of Perishable Goods at Ghana’s Ports

Nigeria Leads as Africa’s Wealthiest Economies Lose Over 8,000 Millionaires in 10 Years

Financial Stocks Gain as Accra Bourse Slips on Prime Index Decline

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

Ghana in Talks With Nigeria Over Possible Barter Deal to Swap Gas for Electricity

Ghana set to Save $300m in Debt Restructuring Deal With IPPs – ACEP’s Ben Boakye Discloses

Morocco and Madagascar set up Historic CHAN Final in Nairobi

US Open: Defending Champions Swiatek and Sinner Cruise Into Second Round

Otto Addo Names Strong 24-Man Squad As Black Stars Prepare For Crucial World Cup Qualifiers Against Chad and Mali

FEC 2025: NRGI Warns Fossil Fuel Investments Risk Undermining Africa’s Energy Transition; Lists Innovative Financing Instruments to Plug Transition Funding Shortfall

Trending

Business

 Importers and Exporters Association Decries “Mafiarian” Auctions of Perishable Goods at Ghana’s Ports

August 27, 2025

 Importers and Exporters Association Decries “Mafiarian” Auctions of Perishable Goods at Ghana’s Ports The Importers and Exporters...

Nigeria Leads as Africa’s Wealthiest Economies Lose Over 8,000 Millionaires in 10 Years

August 27, 2025

Financial Stocks Gain as Accra Bourse Slips on Prime Index Decline

August 27, 2025

Ghana in Talks With Nigeria Over Possible Barter Deal to Swap Gas for Electricity

August 27, 2025

Ghana set to Save $300m in Debt Restructuring Deal With IPPs – ACEP’s Ben Boakye Discloses

August 27, 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.