The Ghana Revenue Authority (GRA) has exceeded its first-quarter revenue target, recording GH¢41 billion, surpassing the target of GH¢36 billion.
Acting Commissioner-General of the GRA, Anthony Akwasi Sarpong, highlighted the Authority’s strategic efforts, including expanding the tax base to cover the informal sector, particularly in the Ashanti region.
Sarpong revealed that the GRA is aiming to generate at least GH¢220 billion in revenue by the end of the year.
He made the announcement during a working visit to the Ashanti region’s Tax Services Centre, where he expressed optimism about achieving the annual target. “Our first-quarter performance has been impressive with improved revenue generation from the Ashanti region. We are confident that we can meet our set target for the year,” he said.
He further added, “The budget for the first quarter was GH¢36 billion, but I am happy to announce that we have collected GH¢41 billion by the end of the quarter, which is an improvement.”
The visit is part of management’s efforts to familiarize itself with the operations at various collection points under the GRA.
In 2024, the GRA exceeded its revenue target by mobilizing GH¢153.5 billion. The Ashanti region has consistently improved its revenue generation, with both customs and domestic collection units surpassing their targets in 2024.
Sarpong emphasized that the Authority is exploring ways to expand the tax net in the Ashanti region to increase revenue from the informal sector.