GRA targets GH¢310 billion in tax revenue by 2028
The Ghana Revenue Authority (GRA) is targeting more than double the amount of tax revenue it collected in 2024 by the end of 2028, as the government intensifies efforts to improve tax compliance and eliminate revenue leakages without introducing new tax rates.
The Ghana Revenue Authority (GRA) aims to double its tax revenue collected in 2024 by 2028, targeting a staggering GH¢310 billion. This ambitious goal was unveiled during the Annual Tax Conference held in Accra, where policymakers, tax experts, and industry stakeholders gathered to discuss reforms aimed at strengthening Ghana's tax administration without introducing new tax rates.
GRA Commissioner-General Anthony Kwasi Sarpong emphasized the importance of achieving this target to support government expenditure and reduce the country's reliance on borrowing. He disclosed that the authority had devised a clear roadmap to attain this objective, with projections already outlined for each year. In 2025, the GRA achieved GH¢182 billion in tax revenue, and they are targeting GH¢225 billion in 2026.
Moving forward, they anticipate reaching GH¢260 billion in 2027 and finally hitting the ambitious GH¢310 billion in 2028. The GRA's strategy will focus on expanding the tax base, enhancing compliance, and leveraging technology to strengthen revenue collection efforts.
Written by urgent.news from MyJoyOnline Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
