{"id":18364,"date":"2022-07-01T15:23:45","date_gmt":"2022-07-01T15:23:45","guid":{"rendered":"https:\/\/www.africa-press.net\/gambia\/uncategorized\/intl-monetary-institutions-commend-gra-for-strong-performance"},"modified":"2022-07-01T15:48:34","modified_gmt":"2022-07-01T15:48:34","slug":"intl-monetary-institutions-commend-gra-for-strong-performance","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/gambia\/all-news\/intl-monetary-institutions-commend-gra-for-strong-performance","title":{"rendered":"Intl Monetary Institutions commend GRA for Strong Performance"},"content":{"rendered":"

Africa-Press – Gambia. <\/strong><\/span>Africa, a continent that was hit extremely hard by the pandemic took a more challenging and tougher approach on taxes, however, GRA was able to balance it with “empathy” as well as various other concerns.<\/p>\n

Consequently, the Agency was found to be among few institutions with \u201cunprecedented performance\u2026even though the country has little natural resource\u2026extra wealth or reserve\u2026\u201d<\/p>\n

Furthermore, both International Monterey Fund (IMF) and the World Bank (WB) officials equally acknowledged that taxes in the country grew by around 4.9 percent compared with 3.6 percent in 2020\u201d.<\/p>\n

Additionally, GRA\u2019s plans to \u201cgradually digitalize its tax collection process\u2026implement a road cargo and electronic cargo tracking system\u2026engage with commercial banks with a view to allow taxpayers to make payments via mobile apps\u2026is remarkable and deserve full support.\u201d<\/p>\n

Due to the \u201cdevelopment and progression\u201d tax revenue collection is projected to increase dramatically. According to the officials, a result of a \u201clevel-headed management,\u201d tax revenues are expected to broadly return to their pre-pandemic level following the abrupt decline.<\/p>\n

Similarly, with its Corporate Strategic Plan, GRA is expected to yield important outcomes such as the \u201cclean-up of the tax registry; payments and management of tax arrears; the audit of companies graduating from the special investment certificate programme\u201d amongst others.<\/p>\n

Likewise, The Gambia government has also reportedly issued \u201cthree-year bonds at a fixed coupon rate and introduced a five-year bond\u2026and published an Annual Borrowing Plan (ABP) which is an essential guide for the execution of its targets.<\/p>\n

An EU official who has been canvassing for finance and investment support for the country responding to the news said: \u201cThe Gambia is a valuable partner. We are carefully monitoring all the events\u2026So far so good. It is also in-line with our desire and aspiration for the country\u2026\u201d<\/p>\n

However, officials have cautioned that \u201cthe slow recovery of economic activity in early 2021 as well as the persistent decline in merchandise trade, and rising freight costs that hindered the GRA from previous meeting the collection target must be confronted head on.\u201d<\/p>\n

For More News And Analysis About Gambia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Gambia. Africa, a continent that was hit extremely hard by the pandemic took a more challenging and tougher approach on taxes, however, GRA was able to balance it with “empathy” as well as various other concerns. Consequently, the Agency was found to be among few institutions with \u201cunprecedented performance\u2026even though the country has […]<\/p>\n","protected":false},"author":84,"featured_media":18363,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,3,7,8],"tags":[2355,2361,260,2424,7302],"class_list":["post-18364","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-community","category-head-lines","category-homepage-english","tag-africa-press","tag-africa-press-gambia","tag-gambia","tag-gra","tag-intl-monetary"],"yoast_head":"\nIntl Monetary Institutions commend GRA for Strong Performance - Gambia<\/title>\n<meta name=\"description\" content=\"Africa, a continent that was hit extremely hard by the pandemic took a more challenging and tougher approach on taxes, h ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/gambia\/all-news\/intl-monetary-institutions-commend-gra-for-strong-performance\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Intl Monetary Institutions commend GRA for Strong Performance\" \/>\n<meta property=\"og:description\" content=\"Africa, a continent that was hit extremely hard by the pandemic took a more challenging and tougher approach on taxes, h ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/gambia\/all-news\/intl-monetary-institutions-commend-gra-for-strong-performance\" \/>\n<meta property=\"og:site_name\" content=\"Gambia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-01T15:23:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-07-01T15:48:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/gambia\/sites\/19\/2022\/07\/postQueueImg_14.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"606\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/intl-monetary-institutions-commend-gra-for-strong-performance#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/intl-monetary-institutions-commend-gra-for-strong-performance\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Intl Monetary Institutions commend GRA for Strong Performance\",\"datePublished\":\"2022-07-01T15:23:45+00:00\",\"dateModified\":\"2022-07-01T15:48:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/intl-monetary-institutions-commend-gra-for-strong-performance\"},\"wordCount\":356,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/intl-monetary-institutions-commend-gra-for-strong-performance#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/gambia\/sites\/19\/2022\/07\/postQueueImg_14.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Gambia\",\"Gambia\",\"GRA\",\"Intl Monetary\"],\"articleSection\":[\"all news\",\"community\",\"head lines\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/gambia\/all-news\/intl-monetary-institutions-commend-gra-for-strong-performance#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/intl-monetary-institutions-commend-gra-for-strong-performance\",\"url\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/intl-monetary-institutions-commend-gra-for-strong-performance\",\"name\":\"Intl Monetary Institutions commend GRA for Strong Performance - 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