GRA Readies to Meet GH¢360 Billion Revenue Target for 2028

Introduction

The Ghana Revenue Authority (GRA) is intensifying efforts to meet an ambitious GH¢360 billion revenue target by 2028. Commissioner-General Anthony Kwasi Sarpong has reaffirmed the authority’s commitment to mobilizing domestic resources to support national development, especially as global revenue support to developing countries declines. This article explores the strategies, challenges, and public expectations surrounding the GRA’s revenue mobilization agenda.

Key Points

Background

The Ghana Revenue Authority plays a pivotal role in mobilizing domestic revenue to fund national development projects. With dwindling global revenue support, Ghana increasingly relies on internal resources. The GRA’s 2026 fiscal year target is GH¢225 billion, but management has set a higher internal target of GH¢230 billion. The DTRD, a key division within the GRA, is responsible for mobilizing GH¢163 billion of this amount.

The 2026 DTRD Retreat, themed “Transforming for Impact and Growth: Focusing on VAT Performance and Compliance,” brought together top management to strategize on meeting these ambitious targets. Commissioner-General Sarpong highlighted the importance of tax education, public cooperation, and internal efficiency in achieving these goals.

Analysis

The Importance of VAT Compliance

Value Added Tax (VAT) is a significant source of revenue for the GRA. Commissioner-General Sarpong urged the public to always request VAT invoices when making purchases. This practice not only ensures compliance but also helps the GRA track revenue and identify potential leakages. VAT compliance is essential for meeting the GH¢360 billion target by 2028.

Tax Education as a Catalyst for Revenue Mobilization

Tax education remains a cornerstone of the GRA’s strategy. By educating taxpayers about their obligations and the benefits of timely tax payments, the GRA aims to foster a culture of compliance. Sarpong emphasized that tax payment is a civic responsibility, and increased awareness can lead to higher voluntary compliance rates.

Internal Targets and Strategic Focus

The GRA’s decision to set an internal target higher than the government’s GH¢225 billion reflects its ambition and commitment to exceeding expectations. By tasking the DTRD to mobilize GH¢163 billion, the GRA is focusing on its most productive divisions to drive revenue growth. This strategic focus is crucial for achieving the 2028 target.

Challenges and the Need for Collective Effort

Despite the GRA’s efforts, challenges remain. Declining global revenue support and the need for efficient domestic resource mobilization require collective action from both the public and GRA personnel. Sarpong called for unity of purpose and teamwork among GRA staff, emphasizing that every individual’s contribution is vital to the authority’s success.

Practical Advice

For Taxpayers

– Always request and retain VAT invoices for all purchases.
– Pay taxes promptly and regularly to support national development.
– Stay informed about tax obligations and benefits through official GRA channels.

For Businesses

– Ensure accurate VAT invoicing and timely submission of returns.
– Invest in tax compliance systems to avoid penalties and support revenue mobilization.
– Engage with tax authorities proactively to resolve any compliance issues.

For GRA Personnel

– Maintain focus and dedication in weekly and monthly tax mobilization drives.
– Foster teamwork and unity of purpose to achieve collective goals.
– Continuously improve efficiency and effectiveness in revenue collection.

FAQ

Conclusion

The Ghana Revenue Authority’s commitment to meeting the GH¢360 billion revenue target by 2028 is both ambitious and necessary for Ghana’s development. Through strategic focus, tax education, and public cooperation, the GRA is laying the groundwork for sustainable revenue mobilization. As global support dwindles, the importance of domestic resource mobilization cannot be overstated. By working together—GRA, taxpayers, and businesses—Ghana can achieve its development goals and secure a prosperous future.