The Ghana Revenue Authority exceeded its revised revenue target for the year 2020 by 6%, which is also a 3.3% increase over the same period the year earlier.
The Authority collected GH¢45.338 billion for the year under review, as against a revised target of GH¢42.7 billion.
This amount is in excess of GH¢2.6 billion of the target.
The Acting Commissioner General of the Ghana Revenue Authority, Ammishaddai Owusu-Amoah disclosed this at a media soiree in Accra.
The media soiree was meant to deepen the cordial relationship between the media and the Ghana Revenue Authority as well as update the media on developments at GRA.
He said the GRA’s initial revenue target was GH¢47.25billionbut mid-year, it was reviewed to GH¢42.7billion as a result of the impact of COvid-19.
The Commissioner General of GRA said the Customs Division of the Authority saw a 4.5% year on year increase, where the Division was tasked to collect GH 10.9 billion but exceeded that by arriving at GH 12.6 Billion.
He said despite the challenges during the introductory stage of the ICUMS, the Customs Management System has in the longer run played a significant role in contributing to exceeding revenue targets.
Ammishaddai Owusu-Amoah said his outfit will continue on its action plan to enforce tax compliance which has contributed to the improvement in tax collection. He urged tax payers to voluntarily comply with tax obligations to help the nation acquire sufficient funds for national development.
The GRA boss also urged the press to ensure reports relating to the Revenue Authority accurately reflect events and developments of the institution.