By the end of 2028, the Ghana Revenue Authority (GRA) hopes to collect more than twice as much tax revenue as it did in 2024, as the government works to improve tax compliance and stop revenue losses without implementing additional tax rates.
At the Annual Tax Conference in Accra, where tax experts, policymakers, and industry stakeholders convened to talk about reforms intended to improve Ghana’s tax administration, the lofty goal was made public.
Anthony Kwasi Sarpong, Commissioner-General of the GRA, told attendees at the meeting that the organization had implemented a medium-term plan to increase domestic revenue generation in order to cover governmental spending and lessen the country’s reliance on borrowing.
On Wednesday, August 19, he stated, “We established an ambitious goal for ourselves to guarantee that we can mobilize revenue for the state. Thus, we are on a firm path to increase the GH¢155 billion tax revenue we generated in 2024 to GH¢310 billion by 2028.”
He clarified that the government had created a precise strategy to fulfill the objective, with annual revenue projections already established.
“Your Excellency, we are making progress and the path is obvious. In 2025, Your Excellency, we made GH¢182 billion. We are strongly concentrating on rising to GH¢225 billion in 2026. In 2027, we hope to reach GH¢260 billion, and eventually, in 2028, GH¢310 billion,” he continued.
The GRA states that the plan would concentrate on growing the tax base, enhancing compliance, and utilizing technology to enhance revenue collection.
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