
Audio By Carbonatix
The Ghana Revenue Authority has said it is focused on meeting its tax revenue target of GH¢21.98 billion in 2015.
Speaking at a media soiree, Mr George Blankson, Commissioner General GRA, said the Authority was hopeful of meeting the new target, explaining that the deployment of Total Revenue Integrated System (TRIPS) by the Domestic Tax Revenue Division would help boost revenue.
As part of this process, the Domestic Tax Revenue Division has deployed the Total Revenue Integrated System in 12 offices.
TRIPS would link up with the Ghana Customs Management System to share information to enable the GRA to monitor the activities of importers and put together their declared income with their volume of imports.
In 2014, the GRA collected a provisional total of GH¢17.07 billion, a three per cent level lower than the targeted GH¢17.61 billion.
Despite the fall, the GRA registered a growth rate of 29.7 per cent in revenue collection over that of 2013.
Mr Blankson said the fairly impressive performance was achieved on the back of the energy crisis which affected output, productivity, and profit levels of business enterprises.
Besides, he said, the fall in the prices of minerals on the global market led to lower incomes and profits, while staff lay-offs in the mining sector negatively affected income, royalty, and corporate tax payments.
He said the modernisation process, which begun in 2010 following the integration of the Agencies, would be pursued.
This would help improve administrative processes and procedures to ensure tax payer compliance.
Mr Blankson said in 2015, the GRA would adopt measures to ensure effective segmented compliance management strategies to facilitate taxpayer adherence to their tax obligations.
He said GRA would also monitor sectoral compliance behaviour to identify economic sectors manifesting high degrees of non-compliance, and implement the requisite measures to bring them to order.
Latest Stories
-
Atletico Madrid stun 10-man Barcelona to seize Champions League semi-final advantage
8 minutes -
Black Stars coach to be announced by next week – Sports Minister
18 minutes -
Chiefs, queen mothers and principal elders of Odau group denounce ‘rebellious Etweresohene’, pledges allegiance to Okyenhene
25 minutes -
KNUST library dress code sparks online backlash over strict rules
34 minutes -
Cultural Diplomacy in Action: Ghanaian youth leaders present symbolic smock to U.S. Chargé d’Affaires
35 minutes -
Ghana Card payment activation under review – NIA breaks silence on financial integration
59 minutes -
Ofori-Atta’s ICE release on bail positive; he poses no risk – Amanda Clinton
1 hour -
Ken Ofori-Atta’s passport seized after bail, set to reappear in US Court on April 27
1 hour -
Stuck contraceptives risk HIV surge – Ghana HIV/AIDS Network President warns
1 hour -
Edmond Boateng elected Secretary of Honorary Consular Corps of Ghana
2 hours -
Omanhene Kwabena Asante slams GIADEC CEO over alleged discrimination in mining concessions
2 hours -
Majority of Ghanaian importers lack awareness of cargo insurance – Gyampo
2 hours -
GJA Ashanti applauds Asantehene for securing land for new press centre
2 hours -
CIMAF Ghana donates cement to Afua Kobi SHS
2 hours -
Ghana to benefit from France’s National health platform following Paris talks
2 hours