CEPS exceeds 2016 revenue target by over 100%

The Ghana Revenue Authority (GRA) Customs Division’s Kumasi command has exceeded its revenue target for 2016 by over 100 percent.

Officials attribute the feat to the success in debt collection from manufacturing and warehousing companies in the Ashanti Region.

The Kumasi Collection Unit had by half year done GHC297.195 million against a target of GHC285.640 million.

Government then reviewed the target to GHC435.150 million an addition of GHC149.510 million but the unit again exceeded that by September 30, recording a collection of GHC440.466 million.

By December 31, the unit had bagged GHC614.672 million, representing 42 percent more than the reviewed target.

Regional Commander, Assistant Commissioner Kwesi Ahiakpor, explained that voluntary tax compliance and exemplary performance of officers contributed to the feet.

The feat comes at a time smuggling and poor checkpoint systems remain major challenges.

Assistant Commissioner, Kwesi Ahiakpor, however, indicates checkpoint challenges could prove more daunting this year.

“The state should turn and look here. If we could fix the Kumasi checkpoint into a proper and modern checkpoint, we would have raked in more money than we did,” he said.

Kumasi is described as the commercial capital of the country and Customs Excise and Preventive Service (CEPS) officials have described the city as the second largest collection in Ghana after Tema.

The unit fell short of its targets for import and levies by 26.47 percent, import VAT by 31.15 percent and National Health Insurance (NHIS) levies by 49.90 percent out of the six collection areas.

Significant gains were however made in revenue collection in special petroleum tax, energy debt recovery levy.

The sector commander says authorities are looking at improving the areas where they did not perform well.

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