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The Ghana Revenue Authority (GRA) is the Ghana administration charged with the task of assessing, collecting and accounting for tax revenue in Ghana. [1] [2]As part of efforts to improve compliance, the Authority is required to assist taxpayers to understand and meet their tax obligations by providing robust and comprehensive advice.
Refunds and corrections of erroneously collected tax revenue are treated as negative revenue." [3] UNU-WIDER data is more complex, total taxes consists of taxes, social contributions, grants receivable, and other revenue. Sources are IMF Country Reports [4] and OECD Revenue Statistics. [5] Data are in current national currency.
Government revenue or national revenue is money received by a government from taxes and non-tax sources to enable it, assuming full resource employment, to undertake non-inflationary public expenditure. Government revenue as well as government spending are components of the government budget and important tools of the government's fiscal policy.
In September 2010 Alex Tettey-Enyo, the Minister of Education, spoke at the CITG's annual tax celebration in Accra. He called on the institute to increase the number of tax professionals so as to increase the economy's revenue generation, noting the deficit of trained tax experts in the country.
[3] [4] He made this known in the 2022 budget statement and economic policy that was read in the parliament of Ghana. [5] 1.75% is the rate of the E-levy which the Government decided to apply on all transactions. [1] [6] [7] [8] Ken Ofori-Atta said it could raise about $1.15billion which will widen the tax net. [9]
Ministry of Business Development (Ghana) Ministry of Employment and Labour Relations (Ghana) Ministry of Fisheries and Aquaculture Development; Ministry of Justice (Ghana) Ministry of Local Government and Rural Development (Ghana) Ministry of Railway Development (Ghana) Ministry of Regional Reorganization and Development
The service is mandated to collect Import and export duty tax, petroleum tax and import excise. It promotes the protection of revenue through the prevention of smuggling of goods across Ghana's borders. The service protects the boundaries of Ghana by preventing external aggression and promotes territorial integrity of Ghana.
The Cabinet of Ghana is the Executive Branch of the Government of Ghana. The Cabinet members are appointed by the President and report to the President. The Cabinet is constituted in conformity with Article 76 (1) of the 1992 Constitution of Ghana. The Constitution enjoins the President to have a Cabinet of no fewer than 10 and not more than 19 ...