GRA exceeds GHS43bn 2019 revenue target

The Ghana Revenue Authority has exceeded its GHS43 billion tax revenue target for 2019.

This follows a revision of the earlier target from GHS46 billion to GHS43 billion.

According to GRA Board Chairman, Professor Stephen Adei, his outfit did very well in December 2019 by collecting more taxes.

Speaking to Accra-based Joy FM, Prof Adei said: “The target, in general, was about GHS46 billion but you know the government changed the benchmark rate at the port, so, it was revised a little over GHS43 billion, which we have slightly exceeded.”

He added that: “It will interest you to note that in December 2019, we more than met our target in revenue collection; actually, I’m having a board meeting because every day, they have to calibrate. The last time it was about GHS5.6 billion while we were looking for GHS5.0 billion, so, thank God.”

In the first half of 2019, the country raked in GHS22.7 billion, compared to a target of GHS29.95 billion.

Meanwhile, the total revenue target for 2019 is GHS57.7 billion including tax revenue.

Next year, the government is targeting a revenue of GHS65.8 billion.