Prices rose by 0.4% in October from the previous month, the Labor Department said, higher than expected
Consumer prices climbed notably again in October from the previous month, extending a stretch of stubborn inflation.
The Ghana Revenue Authority (GRA) has surpassed its revenue goal for the first ten months of 2026, amassing GH¢185.5 billion compared to the projected GH¢184.4 billion. This surplus of GH¢1.1 billion marks a significant achievement, especially when considering the GH¢182 billion in revenue collected in 2025. Commissioner-General Anthony Kwasi Sarpong revealed these figures during the Ghana Economic Forum, organized by the Business and Financial Times, and expressed confidence in reaching the GH¢237 billion revenue target for the entire year.
He credits the success to ongoing tax administration reforms, legislative adjustments, and the integration of digital technologies to boost revenue collection. Sarpong outlined the authority's long-term objective of doubling its 2024 revenue of GH¢153 billion to around GH¢310 billion by December 2028. Key strategies include leveraging artificial intelligence in customs classification, implementing the Integrated Tax Administration System (ITAS), and planning to roll out fiscal electronic devices in 2027.
Sarpong emphasized the GRA's focus on expanding the tax base instead of imposing a heavier tax burden on existing compliant taxpayers.
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