The Ghana Revenue Authority has reported a significant revenue performance in the month of June to support its total revenue collection for the first half of the year.
The single month performance has therefore overtaken the previous losses the Authority recorded in the first three month of the year as a result of uncertainty in the business community.
Addressing Journalists on the performance in Accra, Commissioner- General of the Ghana Revenue Authority, Julie Essiam attributed the performance to some transformations undertaken by the GRA including changing its enforcement approach to a more collaborative approach and among others.
In 2024, the GRA was tasked to collect GHC145, 992.38 Billion Cedis, representing a 29.1% growth over the GHC 113,066.43 Billion Cedis, that was collected in the 2023 fiscal year.
“With the commitment of the outstanding staff of this Authority, I am happy to announce that, as at June this year, the GRA had collected a total of GHC68, 049.33 billion Cedis, against a half year budget of GHC 67,910.65 billion Cedis, and exceeding the cumulative mid-year target by GHC 138.69 million Cedis, which represents 0.2% increase; therefore exceeding mid-year budget by 0.2%.
This achievement represents a nominal growth of 37.6% over the same period last year. Specifically, for the month of June, the devoted staff of GRA outperformed and exceeded the revenue target by an exceptional 21.2% – a significant increase in a single month.
All of this was achieved against the headwinds of a very difficult first quarter, and this, ladies and gentlemen, is a testament to the commitment, resilience, and overall dedication of the staff of GRA” Commissioner- General Julie Essiam told the media.
To breakdown the details of the performance to-date, Ms Essiam said “The month of January, we fell below target by (12.3%) February also showed a shortfall of (6.3%). March suffered a similar trend with an increased negative deviation of (12.7%).
We started to rebound from April, and exceeded target by 1.9% that month, then exceeded again in May by 1.4%; and subsequently a significant achievement of a positive increase of 21.2% in June As we can see, the outstanding performance in June supported the turn around to help with a positive half year performance of 0.2% of the total half-year target”.
The Commissioner- General praised the Business Community and all stakeholders for the support and urged for more commitment to end the year on a positive note.
