Public Management

Ghana captured $8bln in tax revenues in FY2018/19

Ghana captured $8bln in tax revenues in FY2018/19
Tuesday, 11 February 2020 11:09

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

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