The Ghana Revenue Authority (GRA) aims to collect GHS 260 billion in revenue by 2028. This target represents more than double the GHS 130 billion collected in 2024. Commissioner-General Anthony Kwasi Sarpong confirmed this ambitious goal, highlighting the crucial role of business and industry growth.
Mr. Sarpong stated the GRA seeks to double its 2024 revenue by 2028. This strategy includes improving tax compliance and creating a more predictable environment for businesses. He spoke at the AGI 2026 Industrial and Exhibition Summit, stressing collaboration between the tax authority and the private sector. This partnership is vital for Ghana’s industrialisation and domestic revenue mobilisation efforts.
This aggressive revenue target aligns with Ghana's broader economic strategy to reduce reliance on external financing. Increased domestic revenue mobilisation (DRM) is a cornerstone of fiscal sustainability. Ghana has faced significant fiscal challenges, making robust tax collection essential for public services and debt management. The GRA's previous collection of GHS 182 billion last year and a GHS 225 billion target for 2026 demonstrate a consistent upward trend in revenue aspirations.
Commissioner-General Anthony Kwasi Sarpong explicitly linked the GRA’s success to the nation’s economic health. He stated, “When your business grows, the nation can collect more without raising a single rate.” This highlights a shared interest between the tax authority and the business community. Mr. Sarpong further affirmed, “GRA succeeds when Ghana’s industries succeed.”
Achieving this GHS 260 billion target will require significant strategic shifts and sustained economic growth. The GRA plans to broaden the tax base, making more people and businesses pay their fair share. It will also improve the predictability of the tax system, which means clearer rules for everyone. Simplifying tax rules and using digital tools will boost efficiency and compliance. These reforms aim to make tax administration more responsive to business needs. The government will closely monitor the GRA's progress towards its GHS 225 billion target for 2026. Businesses will watch for the promised improvements in tax administration and predictability. The success of this strategy will directly impact Ghana's fiscal health and its ability to fund development projects. It will also influence investor confidence in the country’s economic stability.
The GRA's strategy involves implementing legal and technological reforms. These changes are designed to streamline tax processes and reduce burdens on taxpayers. A more efficient tax system can encourage formalisation of businesses and reduce tax evasion. This approach supports the government's broader agenda for economic transformation and job creation. Sustained engagement with industry leaders, as seen at the AGI summit, will be crucial. This collaboration can help address concerns and build trust between taxpayers and the authority. The outcome of these efforts will be a key indicator of Ghana's economic resilience in the coming years. The ability to meet these targets will significantly influence Ghana's sovereign credit ratings and its access to international capital markets. Therefore, the GRA's performance is not just about revenue; it is about the nation's economic future.