Audio By Carbonatix
The Commissioner-General of the Ghana Revenue Authority (GRA), Mr Emmanuel Kofi Nti, has indicated that the authority’s revenue target of GH¢39.8 billion is achievable.
It raked in GH¢ 32.3 billion last year, registering a shortfall of GH¢1.1 billion.
The figure, however, represented a nominal growth of 22.3 percent over the 2016 collection and was the GRA’s best performance in the past five years.
Mr Nti expressed optimism that through the combination of effective supervisory skills, new initiatives in debt collection, sustained public education and strong application of the tax laws – sanctions, the 2018 collection target could be within reach.
He was speaking at the opening of the annual management retreat of the GRA in Kumasi.
“Transforming revenue mobilisation strategies: the way forward,” was the theme chosen for the two-day programme.
The Commissioner General urged hard work, commitment to duty, regular audits, visits to taxpayers’ business premises and regular compliance activities.
“Let’s recommit to do our best for our country”, he added.
Mr Nti signalled plans to undertake reforms of the customs warehousing, transit and re-exports regimes alongside intensified patrol to check smuggling.
He vowed that the authority would be resolute in working towards the success of the excise tax stamp – an innovation meant to monitor the payment of the correct amount of excise duty, eliminate the sale of counterfeit and illicit products.
He touched on the introduction of the “GFTrade and the Temporary Vehicle Importation Monitoring System (TVIMS) to aid the Customs Division to have access to the correct values of imported goods from the countries of exportation and verify values declared by importers.
This, he said, would enable the division to raise more revenue by discovering fraudulent declarations.
It would also help track temporarily imported vehicles which had over-stayed while at the same time identifying smuggled vehicles.
Mr. Simon Osei Mensah, Ashanti Regional Minister, echoed the need for GRA to broaden the tax net and to do more to ensure compliance.
He called for innovative strategies to engage and encourage people in the informal sector to honour their tax obligations.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
President Mahama is not sincere with Ghanaians on LGBTQ bill matter – Hassan Tampuli
7 minutes -
Gov’t to establish Prison Industrial Hub to equip inmates with income-generating skills – Prison Service boss
26 minutes -
Alhassan Tampuli donates cement, roofing sheets to support storm victims in Gushegu
27 minutes -
Alhassan Tampuli appeals for urgent support for storm victims in Gushegu
30 minutes -
The hypocrisy must stop; pass Anti-LGBTQ+ Bill now – Alhassan Tampuli to Mahama
33 minutes -
Imprisonment should be rehabilitative, not punitive – Ghana Prisons boss at UNGA
55 minutes -
Ga Adangbe traditional priests petition Mahama over McDan aviation licence revocation
1 hour -
Anti-LGBTQ Bill: NDC’s arrogance is worrying – Hassan Tampuli
1 hour -
Let’s give OSP time to mature, not to scrap it – Hassan Tampuli
1 hour -
Nigeria convicts 386 Islamist militants in mass trials
1 hour -
Djibouti president wins election with 97.8% of vote, state media says
2 hours -
We don’t have mandate to deduct tax from rent allowance of security services personnel – Interior Ministry clarifies
2 hours -
Ablakwa receives Presidential Special Envoy on Reparations to advance global agenda
2 hours -
Christina Koch becomes first woman to travel around the moon on Artemis II
2 hours -
Epstein survivors’ calls to meet King Charles and Queen harder to ignore as US visit approaches
2 hours