• 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 Targets GHS 360 Billion in Tax Revenue by 2028 to Boost Tax-to-GDP Ratio

5 months ago
in Business, Economy, Features, highlights, Home, home-news, latest News
2 min read
0 0
0
458
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

GRA Targets GHS 360 Billion in Tax Revenue by 2028 to Boost Tax-to-GDP Ratio

The Ghana Revenue Authority (GRA) has set an ambitious target to raise at least GHS 360 billion in tax revenue by the end of 2028 as part of its medium-term strategy to boost domestic revenue mobilisation and increase the country’s tax-to-GDP ratio.

Acting Commissioner-General of the GRA, Anthony Sarpong, made this known during an X-Space discussion co-hosted by The High Street Journal, NorvanReports, and IMANI Ghana, themed, “Resetting Ghana’s Revenue Mobilization.”

“This year, we’re targeting GHS 200 billion in tax revenue, up from GHS 153 billion in 2024. But in the medium term, by 2028, we aim to reach a minimum of GHS 360 billion,” Mr Sarpong stated.

The “360 by 28” campaign, as described by the Acting Commissioner-General, seeks to more than double Ghana’s 2024 tax revenue performance. Mr Sarpong noted that achieving this target would move Ghana’s tax-to-GDP ratio from the current 13.8% to between 17% and 18% by 2028.

Speaking further during the X Space Discussion, Mr Sarpong attributed recent improvements in tax mobilisation – averaging growth rates between 25% and 30% from 2020 to 2024 – to ongoing reforms within the Authority. He, however, emphasized the need to “look within” and intensify efforts to broaden the tax base.

Outlining key strategies to reach the 2028 target, the Acting Commissioner-General cited digitalisation and data analytics as critical enablers. “We are in a digital and automated world and GRA must not be left behind in terms of technological transformation. That is why we’re digitising tax administration to reach more taxpayers, including those outside the net,” he said.

RelatedPosts

President Mahama Touts Ghana’s Economic Rebound at General Assembly

President Mahama Calls for UN Security Council Reform, Reset of Global Financial System at 80th UNGA

New AfDB Review Highlights Inland Fisheries as Lifeline for Millions of Africans

Mr Sarpong highlighted ongoing data system integrations with institutions such as the Registrar of Companies and SSNIT, leveraging the Ghana Card as a unified tax identification tool to enhance compliance.

“Through data analytics and integrations with other institutions, we can now identify registered businesses and individuals and match their activities with tax obligations. The same goes for the informal sector, which we are targeting through mobile money transactions and other data points,” he added.

While acknowledging the revenue potential of Ghana’s large informal sector, Mr Sarpong stressed the importance of building a taxpayer partnership rooted in trust, integrity, and professionalism. “Taxpayers are our customers and we must build public trust and confidence in the tax system. When that happens, we can mobilise the needed revenue to support the nation’s reset agenda,” he concluded.

The GRA’s revenue drive aligns with broader economic objectives set out by the government and is expected to play a key role in achieving fiscal stability and supporting national development.

Tags: GHS 360 Billion in Tax RevenuegraGRA Targets GHS 360 Billion in Tax Revenue by 2028 to Boost Tax-to-GDP Ratio

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

This Gamechanger Could Charge up Africa’s EV Ownership

Bank of Ghana Prices 1oz Gold Coin at GHS 47,960

President Mahama Rings Nasdaq Bell to Court Global Investors

African Countries That Survive on Diaspora Remittances More Than Export Earnings

Ghana Boxing Authority Promises Enhanced Medical Care for Boxers Following Bahubali’s Tragic Death

Premier League: Hearts of Oak eye Second Straight win as Eleven Wonders Visit Accra on Friday

Trending

Business

President Mahama Touts Ghana’s Economic Rebound at General Assembly

September 25, 2025

President Mahama Touts Ghana's Economic Rebound at General Assembly President John Dramani Mahama has claimed early success...

President Mahama Calls for UN Security Council Reform, Reset of Global Financial System at 80th UNGA

September 25, 2025

New AfDB Review Highlights Inland Fisheries as Lifeline for Millions of Africans

September 25, 2025

This Gamechanger Could Charge up Africa’s EV Ownership

September 25, 2025

Bank of Ghana Prices 1oz Gold Coin at GHS 47,960

September 25, 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.