The Ghana Revenue Authority (GRA) has reaffirmed its commitment to achieving the ambitious GH₵200 billion revenue target for 2025, despite skepticism from some quarters. Acting Commissioner-General Anthony Sarpong believes the goal is within reach, provided the right strategies are implemented.
Speaking on the revenue outlook, Sarpong highlighted underperforming tax areas, particularly Value Added Tax (VAT), as opportunities for significant growth. He noted that Ghana’s VAT contribution to domestic revenue stands at just 17%, far below the 50% seen in peer economies.
“Indeed, it looks insurmountable on the face of it. But I believe that with determination, the right strategies, and teamwork, we will be able to meet this challenge,” Sarpong stated. “If we focus on VAT, we should be able to close some of the gap.”
His remarks suggest that the GRA will prioritize improving tax compliance and broadening the tax base to meet its target. As Ghana seeks to boost revenue generation, tax reforms and enforcement efforts are expected to play a crucial role in ensuring financial sustainability for the country.
