We Are Ready to Achieve, Exceed GH₵200 Billion Tax Revenue Target for 2025 – GRA Boss

The GRA has outlined several key initiatives to ensure the attainment of this target:

• Digitalization of Tax Processes: The integration of technology in tax collection, including the expansion of the e-tax platform and improved data analytics, will enhance efficiency and minimize leakages.

• Strengthening Compliance and Enforcement: The authority will intensify tax audits, broaden taxpayer education, and enforce penalties for non-compliance.

• Expansion of the Tax Base: The GRA aims to capture more businesses and individuals within the informal sector to boost domestic revenue generation.

• Improved Collaboration with Stakeholders: Engaging businesses, financial institutions, and international partners to support tax administration reforms.

Economic Implications

The ambitious target is expected to contribute significantly to Ghana’s economic stability by providing the government with increased fiscal space to invest in key sectors such as infrastructure, health, and education. The projected revenue growth aligns with national economic policies aimed at reducing reliance on external borrowing and fostering sustainable development.

Challenges and Outlook

Despite the optimism, the GRA acknowledges potential challenges, including tax evasion, economic fluctuations, and resistance from some business sectors. However, the Commissioner-General emphasized that with continued reforms, transparency, and public cooperation, the authority is poised to not only meet but exceed the GH₵200 billion target.

The announcement signals a renewed commitment by the GRA to ensure that Ghana’s tax administration remains robust, transparent, and efficient in driving national development.