GRA targets GH¢310 billion in tax revenue by 2028

The Ghana Revenue Authority (GRA) is targeting more than double the amount of tax revenue it collected in 2024 by the end of 2028, as the government intensifies efforts to improve tax compliance and eliminate revenue leakages without introducing new tax rates.

The ambitious target was announced at the Annual Tax Conference in Accra where policymakers, tax experts and industry stakeholders gathered to discuss reforms aimed at strengthening Ghana’s tax administration.

Addressing participants at the conference, the Commissioner-General of the GRA, Anthony Kwasi Sarpong, said the authority had adopted a medium-term strategy to increase domestic revenue mobilisation to support government expenditure and reduce the country’s dependence on borrowing.

“We set ourselves an ambitious target to ensure that we can mobilise revenue for the state. So we are on a decisive trajectory to double the tax revenue we raised in 2024, which was GH¢155 billion, to GH¢310 billion by 2028,” he said on Wednesday, August 19.

He explained that the authority had developed a clear roadmap to achieve the target, with annual revenue projections already outlined.

“The pathway, Your Excellency, is clear, and we are on course. In 2025, Your Excellency, we achieved GH¢182 billion. In 2026, we are focusing strongly to move to GH¢225 billion. In 2027, we look to be in the region of GH¢260 billion, and ultimately in 2028, GH¢310 billion,” he added.

The GRA says the strategy will focus on broadening the tax base, improving compliance and using technology to strengthen revenue collection.

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