The Ghana Revenue Authority has raked in GHC25.89 billion in tax revenue in the first half of the year against its projected target of GHC26.1 billion.
The tax revenue collected amounts to a shortfall of GHC 212 million of its projected target, representing 0.8 per cent.
Of the GHC25.89 billion collected, GHC18.45 billion was realised through domestic tax revenue, while GHC7.44 billion came from international customs.
The Deputy Commissioner in charge of Research, Strategy, Policy, and Programmes at GRA, Dr Charles Addae, disclosed this on Wednesday at a media briefing in Accra.
Dr Addae said comparing the first half of 2021 and the same period in 2020; the GRA recorded nominal revenue growth of 25.6 per cent
He noted that the GRA had accumulated GH¢27.17 billion tax collections from other tax revenue sources such as energy debt recovery, sanitation levy, Valued Added Tax, and airport charges, as against a target of GH¢27.25 billion, representing a shortfall of GH¢28 million.
“On the contribution of the various regions to the country’s tax revenue, Greater Accra Region contributed 60.28 per cent making it the region that the GRA gets most of its revenue from, Western Region contributed 5.02 per cent, Ashanti Region contributed 4.2 per cent and the rest of the other 13 regions’ contributions to the nation’s tax revenue was very minimal, “he added
Dr Addae said the connection of the national ID to tax identification number TIN had enabled the GRA to identify opportunities for additional taxpayers such as 33,500 professionals, including engineers, medical doctors, and lawyers who had Ghana-Cards but did not have tax identification numbers (TIN) thus, may not be paying their taxes.
He said these professionals had been invited for interrogation.
“We are chasing them because now we have their house and mobile phone numbers, and it doesn’t mean that they won’t pay taxes until we have finished the interrogation,” he added
Dr Addae disclosed that the GRA worked collaboratively with German International Corporation (GIZ) and the Local Government, Decentralisation and Rural Development Ministry to digitise and capture houses and properties used for commercial businesses and residential purposes to tax them.
He said the GRA had implemented innovative strategies to enhance compliance and to achieve revenue targets such as cashless policy, online filing, and leveraging on third-party data such as ECG, DVLA, and SSNIT.
Dr Addae said the GRA had challenged itself to accumulate GHC 60000.00 billion representing a growth of 32. 6 per cent over the 2020 performance and 14.2 per cent of the projected GDP of 2021.
Patience Anaadem, ISD