Tag: revenue
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ISSER advocates for effective revenue mobilisation for economic recovery
The Institute of Statistical, Social and Economic Research (ISSER) has asked the government to limit human contact in the country’s revenue mobilization by introducing automated and computerized tax collection systems. According to the institute, human contact in revenue collection usually forms grounds for bribery and corruption which denies the country of needed revenue. Describing the…
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Ghana card identification number to replace TIN in April 2021 – GRA
Effective April 1, 2021, taxpayers will be required to use the Ghana Card Identification Number for tax purposes. This is according to the Ghana Revenue Authority, GRA. The Authority states that this forms part of efforts to identify and rope in more eligible taxpayers, especially those in the informal sector and enable organizations to easily…
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GRA exceeds 2020 revenue target by GHS2.6 billion
New data released by the Ghana Revenue Authority, GRA, shows that it has exceeded its GHS42.7 billion tax revenue target for 2020 by GHS2.6 billion. This follows a revision of the earlier target to GHS42.7 billion from GHS47.25 billion due to the impact of COVID-19. The authority collected GHS45.338 billion for the year under review,…
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GRA optimistic of meeting GHS42.7 billion target despite missing half-year target
Acting Commissioner General of the Ghana Revenue Authority, GRA, Amishaddai Owusu Amoah, has revealed it is implementing effective and efficient strategies and systems in order to exceed the revised tax revenue target set by government in the 2020 mid-year budget. This comes after it missed its half-year target by 6.9%. It will be recalled that…
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#CitiBusinessFestival: Tax analyst urges compliant businesses to apply for tax reliefs
Tax Analyst, Dr. Abdallah Ali Nakyea, says businesses that want to benefit from government’s available tax incentives should ensure they comply with all the necessary requirements by law. The Ghana Revenue Authority has reviewed the due dates for the filing of tax returns and payments of same to cushion businesses from the impact of the…
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Robust collection needed to achieve 2020 revenue targets – IFS
The Institute for Fiscal Studies (IFS), says the Finance Minister would have to do more to achieve what it describes as an ambitious revenue target for 2020. The government in its 2020 budget is seeking to raise 67.1 billion cedis in revenue against an expenditure target of about 86 billion cedis. This means the government…
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Electronic PoS tax systems kick off in July 2018
The Ministry of Finance has set July 2018 as the implementation date for the electronic Point of Sale systems to track tax revenue. At least this is the information available to Citi Business News. Citi Business News also understands that the rolling out of the program is however subject to the completion of the necessary…