{
  "id": 14571897,
  "title": "Total revenue & grants stood at GH¢144.5bn in July 2026, slightly below target – BoG",
  "url": "https://urgent.news/2026/10/15/total-revenue-grants-stood-at-gh-144-5bn-in-july-2026-slightly-below",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-15T00:13:07.000Z",
  "source": {
    "name": "Joy Business",
    "slug": "joy-business",
    "url": "https://www.myjoyonline.com/total-revenue-grants-stood-at-gh%c2%a2144-5bn-in-july-2026-slightly-below-target-bog/"
  },
  "original_language": "en",
  "account": "In the first seven months of 2026, the total revenue and grants reached GH¢144.571 billion, which accounted for 9.1% of the Gross Domestic Product (GDP). This figure was marginally lower than the set target of GH¢144.951 billion, also representing 9.1% of GDP. The September 2026 Monetary Policy Report revealed that domestic revenue generated was GH¢143.522 billion, or 9.0% of GDP, in July 2026, falling short of the target of GH¢143,630.9 million, or 9.0% of GDP. The report suggested that the revenue performance indicated a slight underachievement in tax revenue, oil revenue, and grants.\n\nTax revenue, which included taxes on income and property, taxes on domestic goods and services, international trade taxes, and oil and gas-related taxes, amounted to GH¢120.008 billion, or 7.5% of GDP. This was 0.8% below the target of GH¢121.033 billion, or 7.6% of GDP. Non-tax revenue stood at GH¢14.562 billion, which was 12.2% below the target of GH¢16.590 billion. Although this represented a year-on-year growth of 1.0% compared to the 2025 performance, the underperformance was primarily attributed to lower-than-programmed Dividend/Interest and Profits from Oil (CAPI), as well as the Yield from the Capping Policy for the collection period.\n\nOil revenue was recorded at GH¢6.290 billion, which was 30.6% lower than the target of GH¢9.064 billion. This tax type also experienced a year-on-year growth of 6.3%. However, Other Revenue exceeded its target by a significant margin, amounting to GH¢8.950 billion, which was 73% above its programmed target of GH¢5.174 billion. This outturn was 117.9% higher than the GH¢4.106 billion collected in the same period of 2025. Grants received for the January-July 2026 period totalled GH¢1.049 billion, which was 20.5% below the programmed target of GH¢1.320 billion. This shortfall was also 131.8% higher than the GH¢452.7 million received in the corresponding period of 2025, reflecting a year-on-year growth of 131.8%. The factors driving this revenue performance included higher payments from major mining companies due to the increase in the average gold price and growth in revenue from the banking sector. Additionally, there was an increase in mineral royalties triggered by the higher average gold price surpassing the US$4,000 per fine ounce threshold. Nonetheless, the expected revenue from the import sector fell short of the target due to undershooting the CIF targets for the period, while petroleum sector revenue also remained below target due to delays in project disbursements from development partners.",
  "summary": "The Total Revenue and Grants in the first seven months of 2026 amounted to GH¢144.571 billion, about 9.1% of Gross Domestic Product (GDP). This was slightly lower than the target of GH¢144.951 billion (9.1% of GDP). According to the September 2026 Monetary Policy Report, domestic revenue totalled GH¢143.522 billion (9.0% of GDP) in July 2026, […]",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "MyJoyOnline Ghana",
        "title": "Total revenue & grants stood at GH¢144.5bn in July 2026, lower than targeted amount – BoG",
        "url": "https://urgent.news/2026/10/15/total-revenue-grants-stood-at-gh-144-5bn-in-july-2026-lower-than",
        "published": "2026-10-15T00:13:07.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}