The country realised about ¢26billion from domestic tax collections at the end of August this year.
This is above the mid-year review target set by the Finance Minister.
Acting Commissioner General of the Ghana Revenue Authority, Amishaddai Owusu Amoah, told journalists that the overall target of more than ¢42billion will be achieved, despite the outbreak of the Coronavirus pandemic.
“…as at the end of August, GRA has collected 26.7 billion and if you compare the 26.7 billion based on the mid-year review, I must say that we’re above the mid-year review target as at end of August.
“Definitely, I can assure that we will meet the mid-year review target but we are aiming that we will be able to go beyond the mid-year review target and we’re putting the necessary strategies to ensure because all these initiatives in addition to the effective debt collection is increasing our revenues,” he said.
The Acting Commissioner General was speaking in an engagement with the media on the impact of the virus on revenue mobilization.
He explains further that the mining and telecommunications sector has recorded the highest revenue collections so far.
“Whatever minerals or royalty that has to be paid, is continually coming through and I must say that because there has been increase in the price of gold, from $1,500 to almost $2000, there is an increase in revenue from both the corporate income tax from the mining sector as well as the royalties,” he added.
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