Ghana’s revenue collection system is facing significant challenges, and industry players are calling for a more robust system to maximize revenue collection. The Ghana Revenue Authority (GRA) is working to improve tax compliance and revenue mobilization, with a target of GH¢200 billion in tax revenue for 2025.
Challenges Facing Revenue Collection Inefficiencies in the payment system, leading to delays and lost revenue, Infrastructure and logistical constraints, Tax evasion and corruption, Limited tax compliance, particularly in the informal sector Cash-based transactions making tracking difficult
GRA’s Efforts to Improve Revenue Collection is geared Implementing digital tax compliance solutions, such as electronic invoicing (E-VAT) and mobile payment systems, Expanding the tax net to include previously untaxed sectors and individuals, Collaborating with other institutions to identify non-compliant businesses and individuals and Simplifying tax processes and providing support to businesses.
The GRA’s efforts to improve revenue collection are crucial for Ghana’s economic growth and development. By addressing the challenges facing revenue collection and implementing effective solutions, Ghana can increase its revenue mobilization and achieve its development goals.
