The Ghana Revenue Authority (GRA) plans to collect over GHS 310 billion in tax revenue by 2028.
This target will be achieved by intensifying digital compliance reforms and expanding Ghana's tax base. Commissioner-General Anthony Kwasi Sarpong announced this goal at the 10th Ghana CEO Summit in Accra. The Authority's strategy blends tax reforms with technology-driven compliance systems. This approach also involves stronger collaboration with the business community across Ghana.
This initiative is crucial for Ghana's economic independence and stability. Ghana seeks to reduce its reliance on external financial support. Stronger domestic revenue mobilization will provide funds for infrastructure and social programs. It will also help clear government debts and service existing loans. This strategy is central to the credibility of Ghana’s fiscal path after its International Monetary Fund (IMF) program.
Commissioner-General Sarpong stated that Ghana's low tax compliance culture burdens few businesses. He emphasized the necessity for digital tools to improve accountability and expand revenue collection. “We don’t have a choice. We must raise this revenue,” Mr Sarpong affirmed. He detailed the Authority's medium-term revenue projections during his address.
The GRA surpassed its 2025 revenue target, collecting GHS 182 billion. It now aims to increase collections to GHS 225 billion in 2026. The 2028 target of over GHS 310 billion requires consistent strong annual growth. It also demands improved compliance across both formal and informal parts of the economy. Businesses have long called for a fairer and wider tax base instead of higher pressure on already compliant taxpayers. The GRA's focus on digital compliance suggests using technology and data to identify non-compliance. This aims to avoid simply increasing the burden on existing taxpayers.
The success of this revenue strategy is vital for Ghana's economic future. Transparent and fair deployment of digital tools could widen the tax net and reduce leakages. This could ease pressure on compliant businesses. However, poor management could raise concerns about aggressive enforcement and administrative uncertainty. It could also increase the cost of doing business in Ghana. The push for increased revenue comes as Ghana works to maintain recent improvements. These include moderated inflation, stable exchange rates, and fiscal consolidation. The country aims to recover from years of debt distress and IMF-backed reforms. A stronger tax system could help secure this stability.
Mr Sarpong appealed to corporate Ghana and the wider business community for support. He stressed that national development depends on collective commitment to tax compliance. “This is not a bet. This is the work we must do, and that is the partnership we are asking all of you to forge with us,” he added. The GRA's message is clear: Ghana's economic recovery requires more domestic revenue. The burden must shift from the few compliant taxpayers to a broader tax base. This will be supported by technology, accountability, and trust.