(Ecofin Agency) - Ghana cashed 43.9 billion cedis (about $8.1 billion) in tax revenues over the financial year 2018-19. According to the Ghana Revenue Authority (GRA), this performance is higher than the initial target of 42.08 billion cedis (about $7.7 billion).

The authority said tax revenue mobilization over the period was spurred by a rise in VAT collection and communication service tax. In a new measure aiming at making tax collection more effective, the tax authority has set up a monthly leaderboard to assess office performance.

For the 2019/20 fiscal year, Ghana is eyeing 55.02 billion cedis in tax revenues (about $10 billion).

André Chadrak