The Ghana Revenue Authority (GRA) has surpassed its revenue target in the first quarter of the year, recording GH¢41 billion.
The target for quarter one was GH¢36 billion.
Acting Commissioner-General of the GRA, Anthony Kwasi Sarpong, says the Authority is adopting strategic measures, including widening the tax base to include the informal sector, especially in the Ashanti region.
Meanwhile, the Authority is targeting to generate at least GH¢220 billion in revenue for the country by the end of the year.
Mr. Sarpong made the revelation during a visit to the Ashanti region’s Tax Services Centre to pay a working visit to the staff.
“Our first quarter performance has been impressive with an improved generation from the Ashanti region and we have to build upon that to meet our set target for the year. We have been given a GH¢220 billion target in the budget and we’re very positive about crossing this target.”
“For the first quarter [2025], the budget set was GH¢36 billion, but I’m happy to announce that we have raked in GH¢41 billion by the end of the quarter and this is an improvement,” he noted.
The meeting is part of efforts streamlined by the management to familiarise with operations of the various collection points under the Authority.
In 2024, the GRA exceeded its revenue target by mobilising GH₵153.5 billion.
The Ashanti region has, over the years, improved in revenue generation targets, with both the customs and domestic collection units exceeding their targets in 2024.
The Commissioner-General says the Authority is looking at ways to expand the tax net in the region to rake in more revenue from the informal sector.
Latest Stories
-
Aviation Social Centre packed as UCL Finale kicks off at Hitz FM’s Rep Ur Jersey
12 minutes -
Photos: Fans win big at ‘Rep Ur Jersey’ as sponsors reward game participants with exciting prizes
28 minutes -
Australia to increase contribution to UN Peacebuilding Fund to $15m annually – High Commissioner
28 minutes -
Dr. Angela Dwamena-Aboagye named MTN Hero of Change for championing women and children’s rights
42 minutes -
From Morocco to Botswana – Africans turn to trusted media and experts for climate change information
1 hour -
Mahama announces Labour Export Programme
1 hour -
Prof. Peter Atudiwe Atupare appointed Dean of University of Ghana School of Law
2 hours -
Goldbod is already doing wonders – Mahama praises CEO Sammy Gyamfi
2 hours -
Mahama promises attractive cocoa price in August, pledges 200,000 hectare boost to sector
2 hours -
UHAS Council Chairman Prof. Kodzo Gavua urges graduates to serve with passion, integrity, and innovation
4 hours -
Dr. Charisa Ogbogbo becomes first female professor in Mathematical Sciences at UG
4 hours -
Communication Ministry assures data price cuts as TELCOS prepare to reduce costs soon
4 hours -
Fans battle it out in FIFA, Basketball, and Gala at Hitz FM’s ‘Rep Ur Jersey’
4 hours -
Suspended CJ’s affidavit facetious and unnecessary – Dafeamekpor
5 hours -
Dafeamekpor, Kabila clash over past comments on Woyome case and Wontumi arrest
6 hours