Accra: The Ghana Revenue Authority (GRA) is setting its sights on achieving approximately GHS310 billion in annual revenue by the year 2028. This ambitious goal is more than double the GHS153 billion that was collected in 2024.
According to Ghana Web, Anthony Kwasi Sarpong, the Commissioner-General of the GRA, emphasized that reaching this target will largely hinge on the expansion of businesses and industries throughout the nation. Speaking at the AGI 2026 Industrial and Exhibition Summit, Sarpong highlighted that increasing revenue doesn't necessarily require higher tax rates. Instead, a thriving business sector is expected to drive more taxable economic activities, thus enhancing the state's revenue.
Sarpong noted, "When your business grows, the nation can collect more without raising a single rate." He further elaborated that both the GRA and the private sector share a common interest in fostering an economy where businesses are able to expand, invest, and create jobs. He stated, "GRA succeeds when Ghana's industries succeed."
To facilitate this objective, the GRA is focused on expanding the tax base, improving compliance, and ensuring the tax system is more predictable for businesses. The Authority is also pursuing legal and technological reforms to enhance efficiency, including the increased adoption of digital systems and simplified tax processes to aid businesses in fulfilling their tax obligations.
Sarpong revealed that the Authority had already boosted its revenue collection from GHS153 billion in 2024 to GHS182 billion in 2025. For 2026, the GRA has set a revenue target of GHS225 billion, with the Commissioner-General expressing confidence that the Authority is on track to meet this goal.
The newly set target for 2028 implies that the GRA will need to substantially increase its collections over the forthcoming years, with business growth and an expanded tax base anticipated to be pivotal components of this strategy.