Ghana’s revenue authority secures $5.9 billion revenue for the third quarter of 2019, a 70% achievement of the years' target, here’s how

The Ghana Revenue Authority has revealed that as at the end of September 2019, the company received an amount of $5.9 billion (GH¢32 billion) as at the end of September this year.

Ghana’s revenue authority secures $59 billion revenue for the third quarter of 2019, a 70% achievement of the years' target, here’s how

This represents a 70% revenue of the GHC45 billion target set for this year.

The Acting Commissioner-General for the Ghana Revenue Authority (GRA), Amishaddai Owusu Amoah said this while he spoke to the Ghana News Agency in Accra.

According to him, the company is confident of meeting the 2019 revenue target since they have collected more than 70% of the target set for this year.

He added that the GRA would continue to educate the populace on its campaign about debt collection, tax compliance and general tax compliance.

Mr Amoah said four traders were currently facing prosecution for violating tax laws, urging the public to do well to honour their tax obligations.

How GRA collected the $5.9 billion revenue

Touching on debt collection in the country, the Commissioner said most companies owed GRA taxes and as part of a campaign to retrieve the money, they have written to the organisations to settle their debts or face the full rigours of the law.

In line with that, the Authority in September 2019, launched a task force dubbed: “Operation Collect, Name and Shame” aimed to collect taxes that are overdue and publish in the media the names of businesses that are proving recalcitrant to settle their tax debt

The task force was to ensure compliance of companies and individuals who have refused to pay their outstanding taxes.

The operation was necessary because revenue performance was low and it was prudent to use all legitimate measures to shore up revenue.

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