GRA targets GH¢21.98 billion tax revenue for 2015

graThe Ghana Revenue Authority (GRA) last year collected a total tax revenue of GH¢17.07 billion, representing a three per cent short fall of the targeted GH¢17.61 billion.

Despite the shortfall the 2014 figure, registered a growth rate of 29.7 per cent collection over the 2013 figure of GH¢13.16 billion and 18.5 per cent over that of 2012.

This was disclosed by George Blankson, Commissioner-General of GRA at a soiree held last week Friday, to interact with the media.

Mr. Blankson said GRA for this year had been charged to collect GH¢21.98 billion with a projection of GH¢8.95 billion expected from Domestic Direct Tax, GH¢5.10 billion from indirect domestic tax and GH¢7.92 from the Customs Division.

Mr. Blankson cited the energy crisis which negatively affected output, productivity and profit levels of business enterprises, depreciation of the cedi, and decline in the prices of gold on the international market as some of the contributory factors to the revenue target miss.

“However the three per cent shortfall in GRA’s revenue collection which is below the five per cent error margin means that for all practical purposes, the revenue target could be deemed to have been achieved,” he said.

On the way forward Mr. Blankson said the GRA had put in place measures to enhance revenue collection and improve voluntary tax compliance.

He said as part of the process, the Domestic Tax Revenue Division (DTRD) had deployed the Total Revenue Integrated System (TRIPS) in 12 offices saying, “the TRIPS will link up with the Ghana Customs Management to enable the GRA monitor the activities of importers to marry their declared incomes with their volume of imports”.

He said the GRA was embarking on a recruitment exercise to inject young and fresh blood into the system to help improve performance and productivity, especially within the preventive sector that patrols the borders.

Mr. Blankson said in 2015 the GRA would also ensure that measures that would facilitate effective segmented compliance management strategies were adopted so that tax-payers would adhere to their tax obligations.

By Lawrence Markwei


Print Friendly

Leave a Comment