• About
  • Advertise
  • Privacy Policy
  • Contact
Monday, October 20, 2025
  • 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

GRA Accomplishes Extraordinary Achievement By Exceeding Revenue Targets for the Past Three Years- Commissioner-General

M.Cby M.C
March 8, 2023
Reading Time: 4 mins read
M.Cby M.C
in Vaultz Business
0
GRA Accomplishes Extraordinary Achievement By Exceeding Revenue Targets for the Past Three Years- Commissioner-General

Rev Dr Ammishaddai Owusu-Amoah, the Commissioner-General of Ghana Revenue Authority

Rev Dr Ammishaddai Owusu-Amoah, the Commissioner-General of Ghana Revenue Authority (GRA) has stated that GRA has accomplished extraordinary achievements by exceeding its revenue objectives throughout a three-year period under his reign.

With a combined target of GHC171.66 billion, the GRA was able to generate GHC178.16 billion between 2020 and 2022, including revised targets of GHC42.7 billion, GHC57.02 billion and GHC71.94 billion for 2020, 2021 and 2022 respectively. The GRA exceeded its target by GHC6.5 billion, representing 3.79% in excess.

According to the Commissioner, this outstanding performance can be attributed to the GRA’s commitment to applying technological initiatives, which improved transparency and efficiency in tax administration. He noted that despite the challenges faced during the COVID-19 pandemic, the Customs Management System played a significant role in contributing to exceeding revenue targets in 2020. “The dedication of the GRA’s staff, along with the cooperation of taxpayers, has also been instrumental in the success achieved”.

RelatedPosts

Trade Minister Champions Investment and Digital Focus at UNCTAD XVI, Geneva 

Africa’s Digital Revolution Hinges on Cross-Border Interoperability – Telecom Chamber Boss Declares

Millions Lost to Mobile Money Scams as Cyber Fraud Skyrockets in Ghana — CSA Raises Alarm

The authority is poised to double its efforts in 2023 and the Commissioner-General has assured that his outfit will continue to enforce tax compliance to improve tax collection. Rev Dr Owusu-Amoah, meanwhile, urged taxpayers to voluntarily comply with tax obligations, which will help the nation acquire sufficient funds for national development.

Prior to the 2020 pandemic year, the GRA was able to exceed its revenue targets in 2016 and 2018, while falling short in 2017 and 2019.

Improving Efficiency through Digitization

In 2020, the Ghana Revenue Authority (GRA) implemented the Integrated Customs Management System (ICUMS) to replace the previous system for customs clearance.

ADVERTISEMENT

The new system aimed to improve efficiency, enhance revenue collection, and reduce revenue leakages in the customs process. The GRA has been making efforts to digitize its processes to improve efficiency and reduce corruption. For instance, in 2020, the GRA launched a digital platform for taxpayers to access its services, including filing tax returns and making payments.

Customs Petroleum Unit 218x150 1

During the 2021 fiscal year, the GRA has introduced several initiatives to improve voluntary compliance in the filing of returns, payment of taxes and to ensure maximum revenue collection.

These initiatives included the TIN/GhanaCard Policy, Prosecution Policy and Cashless Policy. Despite the challenges of the pandemic, the GRA exceeded its target, and IT systems like ICUMS and ITaPS minimized tax evasion and avoidance by making it convenient for taxpayers to honour their tax obligations.

The GRA also intensified tax education and sensitization programs, implemented a digital tax stamp system, and expanded the Large Taxpayer Office (LTO) in 2021 to improve compliance and revenue mobilization from large taxpayers. The Authority further strengthened its tax audit and investigation units to improve tax compliance and reduce revenue leakages.

In 2022, the GRA outlined new tax strategies to achieve the government’s revenue target, including taxing e-commerce, online filing of taxes by large taxpayers, and taxing the online gaming and betting industries from April 2022. The Authority also intends to increase the value-added tax (“VAT”) penetration on online services and products.

Additionally, the GRA plans to expand the pay-as-you-earn (“PAYE”) data by adding a minimum of 2 million new taxpayers to the database, widening the tax net to about 3 million by the end of December 2022, and leverage on property tax to increase rent tax by December 2022.

Finally, the Authority intends to intensify auditing and taxing of the extractive industry and introduce a debt collection ratio of five percent (5%) or less by the close of December 2022.

Annual Performances

In 2020, the Ghana Revenue Authority exceeded its revised revenue target by 6%, collecting GHC45.338 billion compared to the revised target of GHC42.7 billion. This was an increase of 3.3% over the same period in the previous year.

Initially, the Authority had set a target of GHC47.25 billion, which was later revised due to the impact of the COVID-19 pandemic. The Customs Division of the Authority performed well, exceeding its target of GHC10.9 billion by collecting GHC12.6 billion, representing a 4.5% year-on-year increase.

Moving to 2021, the GRA achieved its revenue target of GHC57.02 billion, collecting a little over GHC57.32 billion, which was a growth rate of 26.3% over the 2020 revenue, the highest annual growth in the last decade.

The Domestic Tax Revenue Division performed exceptionally well, collecting GHC41.23 billion, which was a 25.6% improvement over the 2020 revenue performance. The Customs Division also performed impressively, collecting GHC16.08 billion, representing a 26.8% increase over the 2020 performance.

In 2022, the GRA mobilized GH¢75.5 billion in domestic revenue, exceeding its target by GHC3.60 billion, representing a 5% increase over the previous year’s target of GHC71.94 billion. This feat also meant that the GRA collected 31.5% more domestic revenue than in 2021.

READ ALSO: Government Pledges To Revamp Poultry Industry With $541 Million Investment

Tags: Commissioner-GeneralDigitizationGRARevenue targets
Please login to join discussion
Previous Post

Ashaiman Swoop: Don’t Fuel The Fire; You Can’t Fight – Samini Advises

Next Post

SONA: President Nana Addo Dankwa Akufo-Addo Silent On Military Brutalities In Ashaiman

Subscription Form

Related Posts

Trade Minister Champions Investment and Digital Focus at UNCTAD XVI, Geneva 
Vaultz Business

Trade Minister Champions Investment and Digital Focus at UNCTAD XVI, Geneva 

October 20, 2025
Africa’s Digital Revolution Hinges on Cross-Border Interoperability – Telecom Chamber Boss Declares
Vaultz Business

Africa’s Digital Revolution Hinges on Cross-Border Interoperability – Telecom Chamber Boss Declares

October 20, 2025
Millions Lost to Mobile Money Scams as Cyber Fraud Skyrockets in Ghana — CSA Raises Alarm
Vaultz Business

Millions Lost to Mobile Money Scams as Cyber Fraud Skyrockets in Ghana — CSA Raises Alarm

October 19, 2025
IMANI Africa and ISSER to Present Groundbreaking Research on Ghana’s Digital Assets and Credit Guidelines at MTN MoMo’s Fintech Forum
Vaultz Business

IMANI Africa and ISSER to Present Groundbreaking Research on Ghana’s Digital Assets and Credit Guidelines at MTN MoMo’s Fintech Forum

October 14, 2025
Importers and Exporters Applaud BoG’s $1.15bn Forex Boost
Vaultz Business

Importers and Exporters Applaud BoG’s $1.15bn Forex Boost

October 9, 2025
No Business Can Survive This! — GUTA, FABAG Blast Government Over Tariff Hikes
Vaultz Business

No Business Can Survive This! — GUTA, FABAG Blast Government Over Tariff Hikes

October 7, 2025
US President, Donald Trump and Australian Prime Minister, Anthony Albanese sign rare earth deal.
USA

US, Australia Ink Rare Earth Mineral Deal

by Comfort AmpomaaOctober 20, 2025
Trade Minister Champions Investment and Digital Focus at UNCTAD XVI, Geneva 
Vaultz Business

Trade Minister Champions Investment and Digital Focus at UNCTAD XVI, Geneva 

by Silas Kafui AssemOctober 20, 2025
No Bad Blood Between OSP and AG’s Office – Sammy Darko Confirms Ofori-Atta’s Docket Nears Submission for Extradition
General News

No Bad Blood Between OSP and AG’s Office – Sammy Darko Confirms Ofori-Atta’s Docket Nears Submission for Extradition

by Emmanuel Tibila BoasahOctober 20, 2025
Dr Justice Srem Sai, Deputy Attorney General and Minister for Justice
General News

AG’s Office Awaits OSP’s Docket to Trigger Ofori-Atta’s Extradition — Deputy Attorney-General

by evansjrOctober 20, 2025
Africa’s Digital Revolution Hinges on Cross-Border Interoperability – Telecom Chamber Boss Declares
Vaultz Business

Africa’s Digital Revolution Hinges on Cross-Border Interoperability – Telecom Chamber Boss Declares

by M.COctober 20, 2025
20% Appreciation of the Cedi Will Hurt the Totality of the Economy, Economist Cautions
Economy

20% Appreciation of the Cedi Will Hurt the Totality of the Economy, Economist Cautions

by Michael Teye-Bio NaduteyOctober 20, 2025
US President, Donald Trump and Australian Prime Minister, Anthony Albanese sign rare earth deal.
Trade Minister Champions Investment and Digital Focus at UNCTAD XVI, Geneva 
No Bad Blood Between OSP and AG’s Office – Sammy Darko Confirms Ofori-Atta’s Docket Nears Submission for Extradition
Dr Justice Srem Sai, Deputy Attorney General and Minister for Justice
Africa’s Digital Revolution Hinges on Cross-Border Interoperability – Telecom Chamber Boss Declares
20% Appreciation of the Cedi Will Hurt the Totality of the Economy, Economist Cautions

Recent News

US President, Donald Trump and Australian Prime Minister, Anthony Albanese sign rare earth deal.

US, Australia Ink Rare Earth Mineral Deal

October 20, 2025
Trade Minister Champions Investment and Digital Focus at UNCTAD XVI, Geneva 

Trade Minister Champions Investment and Digital Focus at UNCTAD XVI, Geneva 

October 20, 2025
No Bad Blood Between OSP and AG’s Office – Sammy Darko Confirms Ofori-Atta’s Docket Nears Submission for Extradition

No Bad Blood Between OSP and AG’s Office – Sammy Darko Confirms Ofori-Atta’s Docket Nears Submission for Extradition

October 20, 2025
Dr Justice Srem Sai, Deputy Attorney General and Minister for Justice

AG’s Office Awaits OSP’s Docket to Trigger Ofori-Atta’s Extradition — Deputy Attorney-General

October 20, 2025
Africa’s Digital Revolution Hinges on Cross-Border Interoperability – Telecom Chamber Boss Declares

Africa’s Digital Revolution Hinges on Cross-Border Interoperability – Telecom Chamber Boss Declares

October 20, 2025
20% Appreciation of the Cedi Will Hurt the Totality of the Economy, Economist Cautions

20% Appreciation of the Cedi Will Hurt the Totality of the Economy, Economist Cautions

October 20, 2025
The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

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.

Discover the Details behind the story

Get an in-depth analysis of the news from our top editors

Enter your email address