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Feb 1, 2011

Ghana Revenue Authority exceeds target

Mr. George Blankson, Commissioner-General of the Ghana Revenue Authority (GRA), says the GRA realised GH¢5,944.05 billion for 2010, in revenue collection.


According to him, GRA collected GH¢2,441.33 million in Direct Tax, GH¢1,061.22 in Indirect Tax and GH¢2,442.15 in Customs Tax and added that the total amount exceeded the Authority’s revenue target by 0.6 per cent.

 Mr. Blankson disclosed this in Accra, when he briefed the media on the activities of GRA, saying, the management of GRA has projected a collective revenue target of GH¢7,531.06 million for 2011, which includes petroleum revenue.

 He pointed out that revenue expectations from upstream petroleum amount to only GH¢321.86 million, representing 4.3 percent of the total tax revenue and that the management of GRA is devising strategies to increase revenue mobilization to meet its target for 2011.

 Mr. Blankson further added that the reform process, which is aimed at increasing revenue mobilization, will be supported by short and medium term measures including intensifying arrears collection and tax audits, proper management of information at district offices, close monitoring to ensure compliance by large taxpayers, as well as sustaining tax education for all tax payers.

Source: ISD