Work Closely With Relevant Institutions To Block Revenue Leakages Finance Minister To GRA Board

The Minister for Finance, Dr Mohammed Amin Adam, has charged the newly constituted Ghana Revenue Authority Board to work closely with relevant institutions and stakeshy;holders to decrease tax non-complishy;ance and block revenue leakages.

According to the minister, it was crucial for the revenue-generating institution to achieve its medishy;um-term revenue targets of 18%- 20% tax/GDP ratio as well as meet all indicative targets and structural benchmarks related to revenue under the IMF programme.

Dr Mohammed Amin Adam made this known when he inaushy;gurated the nine-member board of the Authority chaired by Joe Ghartey, a former Minister of Railway Development, and memshy;bers including a Deputy Minister of Finance, Dr Alex Ampaabeng, Commissioner-General for GRA, Ms Julie Essiam, a Deputy Minister of Trade, Micheal Okyere Baafi, and 2nd Deputy Governor for the Bank of Ghana, Mrs Elsie Addo Awadzi.

The rest are Madam Susan Akoshy;mea, Immediate Past Municipal Chief Executive of Asante Akyim Central and a Co-founding memshy;ber of CENAB UK, Mrs Araba Bosomtwe, a Master of Public Adshy;ministration (MPA) holder with inshy;ternational experience in handling high level administrative duties, and Mr Kwabena Abankwah Yeboah, a fellow of the Ghana College of Pharmacists and also a board member of the ADB bank

Dr Amin Adam indicated that by working closely with other relevant stakeholders, the new Board could effectively address the issues of alshy;leged harassment of business ownshy;ers, employ a digitalisation drive to streamline tax administration and decrease the heavy dependence on “human interventions’’.

These and other measures, the MP for Karaga noted, could help build the confidence Ghanaians have in GRA which would ultishy;mately rake in the needed revenue for development.

“Over the next few days I will be holding stakeholder meetings with institutions involved with GRA to address issues of alleged harassshy;ment of businesses and discuss how we can work to improve the business climate in order for investors to feel confident about investing and doing business in Ghana,” he disclosed.

The MP for Karaga again entreated the Board to “Priorshy;itise essential improvements and additions to GRA’s physical infrastructure; augment ongoing efforts aimed at fully implementing the Integrated Tax Administration System (ITAS); build the capacity of our officers; and Improve the quality of our data analysis for informed decision making.”

After assuring the Board of his unflinching support and commitshy;ment to lead the staff to drive the GRA to new heights, he added, “We must leave this inauguration with a dedicated resolve to alter the narrative and eclipse a 20% threshold of revenue to GDP within the shortest possible time.”

The Finance Minister also commended the previous Board for effective revenue mobilisation and noted that "by the numbers, the Authority has consistently met its revenue targets, and I believe strong leadership and dedicated staff have been pivotal in these achievements”.

The Chairperson of the Board, Mr Joe Ghartey, stated on behalf of the Board that it was a distinct chance to serve the nation and that the performance of the Ghana Revenue Authority was crucial, particularly at this point in the country’s history.Ghanaian Times