The Ghana Revenue Authority (GRA) has set a provisional tax revenue target of GH₵60 billion for 2021, representing a 32.3 percent increase over the 2020 actual collection of GH₵45.338 billion.
Rev. Ammishaddai Owusu-Amoah, the Commissioner-General, who announced this at a media soiree, said although the task appeared daunting, the GRA would implement innovative measures to meet the target.
Among the measures to achieve the 2021 revenue target are the Introduction of New Excise Tax Stamps with enhanced security features, which are difficult to duplicate from the 1st of January, 2021.
Rev. Owusu-Amoah said the GRA had adopted strict measures for the distribution and monitoring of the stamps to ensure that only recognized manufacturers and importers of excisable products receive them and that they are all duly accounted for.
He said, however, that the old and new stamps would both be in circulation until the old stamps were out of stock.
Also, the GRA in collaboration with the National Identification Authority and other relevant stakeholders are working to ensure that Ghana card Unique Identification Number replaces the Taxpayer Identification Number (TIN) with effect from April 1, 2021.