Work closely with relevant institutions to block revenue leakages - Amin Adam to new GRA Board

The Minister for Finance, Dr. Mohammed Amin Adam, has charged the newly constituted Ghana Revenue Authority Board to collaborate with relevant institutions and stakeholders to reduce tax non-compliance and block revenue leakages.

According to the Minister, it is crucial for the revenue-generating institution to achieve its medium-term revenue targets of an 18%-20% tax/GDP ratio, as well as meet all indicative targets and structural benchmarks related to revenue under the IMF-ECF programme.

Dr. Mohammed Amin Adam made this known when he inaugurated the nine-member board of the Authority chaired by Hon. Joe Ghartey, a former Minister for Railway Development.

Other members of the Board include a Deputy Minister for Finance, Dr. Alex Ampaabeng, Commissioner-General for GRA, Ms. Julie Essiam, a Deputy Minister for Trade, Hon. Micheal Okyere Baafi, and the 2nd Deputy Governor for the Bank of Ghana, Mrs. Elsie Addo Awadzi.

The rest of the board members are Madam Susan Akomea, Immediate Past Municipal Chief Executive of Asante Akyim Central, and a Co-founding member of CENAB UK, Mrs. Araba Bosomtwe, a Master of Public Administration (MPA) holder with international experience in handling high-level administrative duties, and Mr. Kwabena Abankwah Yeboah, a fellow of the Ghana College of Pharmacists and also a board member of the ADB Bank.

Dr. Amin Adam indicated that, by working closely with other relevant stakeholders, the new Board could effectively address the issues of alleged harassment of business owners, employ a digitalization drive to streamline tax administration, and reduce the heavy dependence on 'human interventions'.

These and other measures, the MP for Karaga noted, could help build the confidence Ghanaians have in GRA, which would ultimately rake in the needed revenue for development.

"Over the next few days, I will be holding stakeholder meetings with institutions involved with GRA to address issues of alleged harassment of businesses and discuss how we can work to improve the business climate for investors to feel confident about investing and doing business in Ghana," he disclosed.

The finance minister again entreated the Board to "prioritize necessary improvements and additions to GRA’s physical infrastructure; augment ongoing efforts aimed at fully implementing the Integrated Tax Administration System (ITAS); build the capacity of officers; and improve the quality of our data analysis for informed decision-making".

After assuring the Board of his unflinching support and commitment to lead the staff to drive the GRA to new heights, Dr. Amin Adam added, "We must leave this inauguration with a dedicated resolve to change the narrative and eclipse a 20% threshold of revenue to GDP within the shortest possible time."

The Finance Minister also commended the previous Board for effective revenue mobilization and noted that, "By the numbers, the Authority has consistently met its revenue targets, and I believe strong leadership and dedicated staff have been pivotal in these achievements."

The Chairperson of the GRA Board, Hon. Joe Ghartey, stated that it was a unique opportunity to serve the nation adding that the performance of the Ghana Revenue Authority was crucial, particularly with the current state of the country.

"The balance is to increase revenue and at the same time remain business-friendly and improve the ease of doing business in Ghana, so we thank the President for his confidence in us and assure him of our commitment to bring the needed positive changes at GRA," he stated.