Mr. Ken Ofori-Atta, the Minister of Finance, has tasked the Ghana Revenue Authority to collect a total revenue of GH¢57.06 billion in 2021, representing a 25.7 percent growth over the GH¢45.4 billion collected for the 2020 fiscal year.
The GRA was tasked to collect total tax revenue of GH¢47.25 billion and was revised to GH¢42.77 billion for the 2020 fiscal year, owing to shrinking economic activity as a result of the COVID-19 pandemic.
However, the total tax revenue of GH¢45.34 billion was collected, exceeding the budget by some GH¢2.57 billion.
The Minister said this on Tuesday during the inauguration of Boards of the Ghana Revenue Authority (GRA), Securities and Exchange Commission (SEC), and the Social Security and National Insurance Trust (SSNIT).
The Authority is further required to mobilize additional revenue of GH¢30 billion under the Ghc 100 billion three-year “Ghana CARES Obaatanpa” program with targets of Ghc 5 billion for 2021, GH¢12.5 billion for 2022, and GH¢12.5 billion in 2023.
Mr. Ken Ofori-Atta urged the Board of GRA to marshal all available resources to guide the management of the Authority to achieve the revenue targets.
He said the launch of a Centralized Digital Payment Platform dubbed “the Ghana. Gov Platform” to improve the ease of paying taxes and provide a real-time view of lodgments and government revenue for efficient planning and resource allocation had so far been carried out on the Platform since its inception in June 2020, with a value of GH¢21.0 billion as at July 12, 2021.
Source: Mybrytfmonline.com/Kofi Atakora