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Ghana Revenue Authority exceeds 2021 revenue target

January 17th 2022, 1:11:53 pm

The Ghana Revenue Authority (GRA) has said that it exceeded its revised revenue target of GH¢265.39 million for last year.

Ghana Revenue Authority

A total of GH¢57.32 billion in revenue was collected by the Authority in 2021 against the GH¢57.055 billion targets.

The amount represented 0.5 percent growth over the tax revenue collections, amounting to GH¢265.39 million for the 2021 fiscal year.

The amount collected was in excess of the target for GRA set by the government.

The ratio of tax-to-gross domestic product (GDP), measuring the share of economic output collected in taxes to fund development, rose to 13.4 percent following recent years of hanging around 12 percent.

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Kojo Emmanuel

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