• About
  • Advertise
  • Privacy Policy
  • Contact
Sunday, November 8, 2026
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result
in Economy

GRA Misses Revenue Target in the First half of 2021

Maynard Championby Maynard Champion
July 29, 2021
Reading Time: 3 mins read
Add as Preferred on Google
GRA Misses Revenue Target in the First half of 2021

Dr Charles Addae, the Deputy Commissioner in charge of Research, Strategy, Policy and Programmes at Ghana Revenue Authority (GRA) has revealed that GRA missed its revenue target for the first half of the year.

According to Dr Charles Addae, the Ghana Revenue Authority (GRA) collected GH¢25.89 billion in tax revenue as against GH¢26.1 billion targeted for the period and thus, resulted in a GH¢212 million shortfall.

Meanwhile, he noted that the Ghana Revenue Authority collected GH¢18.45 billion in domestic tax revenue and GH¢7.44 billion from international trade or customs.

However, despite the shortfalls, he noted that the tax revenue collected in the first half of the year showed a nominal growth of 25.6 per cent.

ADVERTISEMENT

On the flip side, Dr Addae explained that if the tax collections from other tax revenue sources such as: energy debt recovery levy, sanitation levy, Valued Added Tax and airport charges were added, the GRA would have collected GH¢27.17 billion as against a target of GH¢27.25 billion, representing a GH¢28 million shortfall.

While assessing the average performance of the Authority, Dr Addae noted that the current data show that “the Authority is hovering around 47.6 per cent, which is above 46 per cent recorded over the past five years.”

Regional Breakdown

Moreover, touching on the contribution of the various regions to the country’s tax revenue, Dr Addae singled out the Greater Accra Region for praise revealing that the region has contributed a whopping 60.28 per cent.  In addition, he stated that Western Region also accounted for 5.02 per cent and Ashanti Region on the other hand contributed 4.2 per cent to the tax revenue.

He however indicated that the rest of other 13 regions’ contributions to the nation’s tax revenue is very minimal.

ADVERTISEMENT

Dr Addae further observed that with the ongoing linkage of the GRA’s database to the National Identification Authority’s database, it discovered that over 33,500 professionals, including medical doctors, engineers, lawyers and IT experts have Ghana-Card but did not have tax identification numbers(TIN).

He explained that those elite professionals are earning high incomes so, the GRA invited them for interrogation to ascertain whether or not they were paying taxes on their earnings.

“We are chasing them because now we have their house and mobile phone numbers but that doesn’t mean that they don’t pay taxes until we have finished the interrogation.”

Dr Addae

Collaboration between GRA and GIZ

ADVERTISEMENT

Meanwhile, Dr Addae hinted that the Authority is working collaboratively with German International Corporation (GIZ) and the Local Government, Decentralisation and Rural Development Ministry to digitise and capture houses and properties being used for commercial businesses and residential purposes to charge the appropriate rent tax on them.

Conclusively, he advocated for the need to intensify tax education drive and enforcement mechanisms to shore up the tax revenue.

However, the GRA this year, set a target of GH¢60 billion in tax revenue and based on the first-half performance, Dr Addae believes that the GRA could meet the target for the year.

READ ALSO: Gov’t to assure Ghanaians of its commitment to procuring vaccines in Mid-Year Budget

ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

Tags: Dr Charles AddaeGhana Revenue Authorityrevenue target
Please login to join discussion
Previous Post

Watch Live: Mid-Year Budget Review

Next Post

Government to set up “Youth banc” to finance youth-led start-up businesses

Related Posts

Ghana’s 15.7% Revenue-to-GDP Ratio Exposes Fiscal Weakness
Economy

Ghana’s 15.7% Revenue-to-GDP Ratio Exposes Fiscal Weakness

November 8, 2026
Ghana's $8.81bn Trade Surplus Collides With BoG's Inflation Fears
Economy

Ghana’s $8.81bn Trade Surplus Collides With BoG’s Inflation Fears 

November 7, 2026
Ghana Bans Eurobond Issuance Until 2030 in Debt Shake-Up
Economy

Ghana Bans Eurobond Issuance Until 2030 in Debt Shake-Up

November 6, 2026
IMF Warns Ghana as Falling Reserves Expose External Sector Vulnerabilities
Economy

IMF Warns Ghana as Falling Reserves Expose External Sector Vulnerabilities

November 6, 2026
ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

ADVERTISEMENT

Recent News

Managing Director of ADB PLC, Edward Ato Sarpong

ADB Launches Green-Grow Scheme to Empower Smallholder Vegetable Farmers

November 8, 2026
IMANI Africa Team lead by Founding President Franklin Cudjoe with Tourism Minister Hon Dzifa Abla Gomashie

Beyond The Fanfare: Why Ghana’s Tourism Economy Deserves Serious Investment

November 8, 2026
IMANI Africa Team lead by Founding President Franklin Cudjoe with Tourism Minister Hon Dzifa Abla Gomashie

Ghana’s Tourism Economy: The Gains, The Opportunities And The Road Ahead

November 8, 2026
Ghana’s 15.7% Revenue-to-GDP Ratio Exposes Fiscal Weakness

Ghana’s 15.7% Revenue-to-GDP Ratio Exposes Fiscal Weakness

November 8, 2026
Soybean

Ghana Strengthens Soybean Production Through Training

November 8, 2026
ADVERTISEMENT
Next Post
Finance Minister, Ken Ofori-Atta, has expressed government’s intent to establish Export Trade Houses to promote made in Ghana product brands.

Government to set up “Youth banc” to finance youth-led start-up businesses

The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Ok

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.