GRA Targets GH¢310 Billion in Tax Revenue by 2028

• The Ghana Revenue Authority (GRA) has set an ambitious target to collect GH¢310 billion in tax revenue by 2028, more than double the amount collected in 2024.
• The authority aims to achieve this goal through a medium-term strategy that focuses on broadening the tax base, improving compliance, and leveraging technology for enhanced revenue collection.
• The GRA has already made significant progress in achieving its target, with a notable increase in tax revenue collection in 2025.

The Ghana Revenue Authority's (GRA) ambitious target to collect GH¢310 billion in tax revenue by 2028 has significant implications for the country's economy and taxpayers. The government's efforts to improve tax compliance and eliminate revenue leakages without introducing new tax rates will likely lead to increased scrutiny of tax matters, making it essential for lawyers advising clients on tax-related issues to take note. This development is part of a broader strategy to reduce Ghana's dependence on borrowing and mobilize domestic revenue to support government expenditure.

The GRA's medium-term strategy aims to strengthen the country's tax administration by broadening the tax base, improving compliance, and leveraging technology for enhanced revenue collection. To achieve this goal, the authority has outlined annual revenue projections, with a clear roadmap to reach the target of GH¢310 billion by 2028.

At the Annual Tax Conference in Accra, Commissioner-General Anthony Kwasi Sarpong announced the GRA's ambitious tax revenue target for 2028. The conference brought together policymakers, tax experts, and industry stakeholders to discuss reforms aimed at strengthening Ghana's tax administration. In his address, Mr. Sarpong emphasized the authority's commitment to increasing domestic revenue mobilization to support government expenditure and reduce borrowing.

The GRA has already made significant progress in achieving its target, with a notable increase in tax revenue collection in 2025. According to the Commissioner-General, the authority is on course to meet its ambitious goal, with annual revenue projections outlining a clear pathway to success.

The GRA's strategy to collect GH¢310 billion in tax revenue by 2028 is built on a medium-term approach that focuses on broadening the tax base, improving compliance, and leveraging technology for enhanced revenue collection. This approach aligns with the government's efforts to improve tax administration and reduce reliance on borrowing. The authority has developed a clear roadmap to achieve its target, with annual revenue projections outlining a clear pathway to success.

The GRA's strategy is expected to have significant implications for taxpayers, who will need to adapt to increased scrutiny of tax compliance and potential changes in tax laws or regulations. Lawyers advising clients on tax matters should take note of these developments and be prepared to provide guidance on the implications of the GRA's ambitious revenue targets.

Lawyers advising clients on tax matters should take note of the GRA's ambitious revenue targets, which may lead to increased scrutiny of tax compliance and potential changes in tax laws or regulations.

Source: Original reporting via MyJoyOnline Ghana