Posted 1/29/2024, 7:36:59 AM
GRA Exceeds 2023 Tax Revenue Target by Over GH¢3 Billion, Logs Highest Growth in 20 Years
- GRA collected GH¢113.06 billion in tax revenue for 2023, exceeding revised target of GH¢109.19 billion
- Represents 49.3% year-on-year growth, highest in 20 years
- Domestic tax revenue grew 54% and contributed 73% of total
- Tax revenue from international trade (customs) grew 38.2%
- Strong performance attributed to intensified compliance activities, high corporate tax payments from banks, improved monitoring by Customs Division