Ghana exceeded its tax revenue target for 2019 - Prof Adei
- GRA has exceeded its 2019 target
- The GRA board chairman, Prof. Stephen Adei said the Authority exceeded its revenue target due to the hard work they put in in the month of December 2019
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Board Chairman of the Ghana Revenue Authority (GRA), Professor Stephen Adei says the country exceeded its GHS43 billion tax revenue target for 2019.
According to the respected professor, the GRA excelled very well in December 2019 by collecting more taxes.
“The target, in general, was about GHS46 billion but you know the government changed the benchmark rate at the port, so, it was revised a little over GHS43 billion, which we have slightly exceeded,” he said in an interview on Joy FM on Monday, January 6.
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Prof. Adei also revealed that the GRA did extremely well in December 2019.
“It will interest you to note that in December 2019, we more than met our target in revenue collection; actually, I’m having a board meeting because every day, they have to calibrate. The last time it was about GHS5.6 billion while we were looking for GHS5.0 billion, so, thank God,” he added.
Ghana raked in tax revenue of GHS22.7 billion in the first half of 2019, compared to the target of GHS29.95 billion.
Even though the Ghana Revenue Authority claim to have met their revenue target for 2019, we do not know if the country achieved its total revenue target of GHS57.7 billion for 2019.
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Meanwhile, government is set to be targeting a revenue of GHS65.8 billion in 2020.
In other business news, the Bank of Ghana has noted that the country’s Non-Performing Loans (NPLs) increased to GH¢7.19 billion in October 2019 from GH¢7.14 billion in October 2018.
YEN.com.gh earlier reported that a journalist by name Joseph Ofosu alias Nartey has been charged with three counts of defrauding by false pretence for impersonating Director of Communication at the Presidency, Eugene Arhin.
The Koforidua-based journalist is said to have demanded monies from the unsuspecting public, with the assurance that he will secure them auction cars and also have them nominated as Metropolitan, Municipal and District Chief Executives (MMDCEs) by the president.
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Source: YEN.com.gh
