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View Full Version : GRA collects GH¢8,706m for national treasury



ajbabe
17th January 2012, 05:36 PM
The Ghana Revenue Authority (GRA) has paid GH¢8,706.39 million, being revenue collected for 2011, to the state treasury.

The Ghana Revenue Authority (GRA) has paid GH¢8,706.39 million, being revenue collected for 2011, to the state treasury.

The amount represents an increase of 15.4 per cent over its revenue collection target of GH¢7,544.66 million for the year under review.

In view of the impressive performance of the GRA, the government has set a GH¢11,166.57 million target for the authority for 2012, a challenge the Commissioner General of the GRA, Mr George Blankson, has pledged to meet, with the commitment of staff of the authority.

Mr Blankson, flanked by his three other commissioners in charge of the Domestic Taxes (Direct), Domestic Taxes (Indirect) and Customs divisions, made this known when he addressed a news conference in Accra Monday.

He said the Domestic Taxes (Direct) Division collected GH¢3,733.94 million, against a target of GH¢3,130.38 million, representing an increase of 19.3 per cent, while the Customs Division exceeded its target by 17.5 per cent, having collected GH¢3,604.82 million, against a GH¢3,068.49 million target.

Although the Domestic Taxes (Indirect) Division was able to exceed its target, it could only manage a 1.6 per cent increase over its annual target of GH¢1,345.76, having collected GH¢1,367.64 million at the end of the year under review.

“Overall, the 2011 collection performance is a 46.6 per cent increase over the actual collection performance for 2010,” Mr Blankson boasted.

Mr Blankson noted that the tax revenue/Gross Domestic Product (GDP) ratio which collapsed to12.7 per cent in the wake of the rebasing of the economy in 2010 grew by 15.9 per cent in 2011.

Enumerating some of the factors responsible for what he described as the sterling performance of tax revenue in 2011, he mentioned “synergies arising from the strides made in the reform for integration and modernisation, such as the joint tax audits; information sharing on taxpayers on liability to different taxes, which is a deterrent against taxpayers reporting different figures for different tax types”.

He also mentioned the clearance permit, a facility which allows consignments to be removed from the port quickly and the documentation perfected later.

He praised the support of taxpayers for what he termed as their “goodwill and commitment to honour their obligation”.

Mr Blankson admitted to some challenges that the authority faced as a result of the integration, among which the lack of logistics was key, but was quick to add that the “reforms are on course”.

For the way forward for this year, he said the GRA management was committed to ensuring that the objectives set for the modernisation process were realised.

“Management will continue to maintain a careful balance between revenue mobilisation and the reform agenda in 2012 to ensure that the revenue target is achieved and even exceeded to provide sufficient funds for national development,” he said.

Mr Blankson said the reform process, aimed at putting revenue collection on a higher growth path in the long term, would be supported by short and medium-term measures.

Those measures, he said, would include “intensification of audit, particularly of large taxpayers; quick but scrupulous examination of submitted tax returns; recovery of tax arrears; effective tracking and interception of smuggled goods”.

Mr Blankson said the GRA, in recognising the important role tax education and the engagement of stakeholders played in ensuring compliance, would intensify tax education, sustain and deepen it.