Business News of Tuesday, 10 November 2026

Source: www.ghanaweb.com

GRA targets GH¢310 billion by 2028, promises no higher tax burden

Anthony Kwasi Sarpong is the Commissioner-General of the GRA Anthony Kwasi Sarpong is the Commissioner-General of the GRA

The Ghana Revenue Authority (GRA) has announced plans to increase its annual revenue collection to about GH¢310 billion by 2028, with a focus on bringing more businesses into the tax net rather than increasing the burden on existing taxpayers.

Commissioner-General of the GRA, Anthony Kwasi Sarpong, said the Authority intends to achieve the target through improved technology, stronger tax enforcement and measures to minimise revenue losses.

Speaking at the 15th Ghana Economic Forum held on November 10, 2026, he disclosed that the GRA collected GH¢185.5 billion as of October 2026, exceeding its target of GH¢184.4 billion for the period.

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He explained that the Authority collected GH¢153 billion in 2024 and GH¢182 billion in 2025, while its revenue target for 2026 stands at GH¢237 billion, including collections under the Energy Sector Levies Act (ESLA).

Sarpong said the GRA is introducing digital systems to improve revenue collection, including artificial intelligence technology for customs valuation and classification, which he indicated generates at least US$100 million monthly.

He stressed that the Authority's goal is not to continually demand more taxes from businesses and individuals who already meet their obligations, but to ensure that those operating outside the tax system also contribute their fair share.

"Our goal is not to squeeze compliant taxpayers. Our goal is to ensure that everyone who should contribute does so fairly," he stated.

The Commissioner-General further explained that improving domestic revenue mobilisation would reduce the government's dependence on borrowing, allowing banks to make more funds available to businesses seeking loans to expand their operations.

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He called for stronger cooperation between the GRA and the business community, stressing that a fair and efficient tax system would help attract investment, support local industries and create more jobs in Ghana.

DR/MA


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