{"id":1219198,"date":"2022-10-08T18:25:28","date_gmt":"2022-10-08T18:25:28","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/10\/08\/government-bags-%c2%a251-58bn-from-revenue-in-9-months-of-2022-misses-target-by-0-89\/"},"modified":"2022-10-08T18:25:28","modified_gmt":"2022-10-08T18:25:28","slug":"government-bags-%c2%a251-58bn-from-revenue-in-9-months-of-2022-misses-target-by-0-89","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/10\/08\/government-bags-%c2%a251-58bn-from-revenue-in-9-months-of-2022-misses-target-by-0-89\/","title":{"rendered":"Government bags \u00a251.58bn from revenue in 9 months of 2022; misses target by 0.89%"},"content":{"rendered":"

<\/p>\n

Dr. Amishaddai Owusu-Amoah delivering a speech at a seminar<\/p>\n

\n

Government bagged 51.58 billion in revenue in the nine months of this year, missing the target by<\/p>\n

This is against a target 52.04 billion, and about 0.89% drop.<\/p>\n

However, the performance represents a nominal growth of 29% over the same period in 2021.<\/p>\n

In a tweet, the Ghana Revenue Authority (GRA) said domestic revenue grew by 28.6%.<\/p>\n

At the same time customs revenue grew nominally by 29.8%.<\/p>\n

\"Government<\/figure>\n

It is expected that government will accrue more revenue in the third quarter of 2022 because historically revenue mobilisation goes up in the last quarter of every year.<\/p>\n

Government targeted \u00a296.842 billion from total revenue and grant in 2022, but about \u00a288 billion from revenue<\/p>\n

E-Levy rakes in 328m since implementation in May<\/strong><\/p>\n

Meanwhile, government earned \u00a2328 million from the Electronic Transaction Levy (E-Levy) at the end of the third quarter of this year.<\/p>\n

According to the GRA, it recorded 20% month-on-month improvement in the collection of the levy since its implementation in May 2022.<\/p>\n

\"Government<\/figure>\n

\u201cWe commenced the implementation of this levy in May 2022. Revenue from E-levy as at September 2022 amounted to \u00a2328.80m\u201d, it said in a tweet.<\/p>\n

\u201cIt is worth mentioning that on month-on-month basis we continue to see a 20% improvement in collection of the levy. It is therefore our expectation that this will continue and improve domestic revenue generation to support government expenditure\u201d, the Commissioner-General, Dr. Amishaddai Owusu-Amoah disclosed. \u00a0\u00a0<\/p>\n

The government had initially projected \u00a26.9 billion from E-Levy collections for 2022, but revised it to \u00a24.9 billion and later to \u00a2611 million.<\/p>\n

GRA automates process of obtaining Tax Clearing Certificates <\/strong><\/p>\n

Meanwhile, the GRA says it has automated the process of obtaining Tax Clearing Certificates (TCCs), and therefore tax payers can now apply for TCCS electronically via the Taxpayers portal.<\/p>\n

Again, it has also acquired a USS code that will allow every Ghanaian to check on their tax compliance status. This tax code the GRA said will be made public soon.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Dr. Amishaddai Owusu-Amoah delivering a speech at a seminar Government bagged 51.58 billion in revenue in the nine months of this year, missing the target by This is against a target 52.04 billion, and about 0.89% drop. However, the performance represents a nominal growth of 29% over the same period in 2021. In a tweet, […]<\/p>\n","protected":false},"author":1,"featured_media":1219200,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[27102,917,1090,1402,1705,2023,1922],"class_list":["post-1219198","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-51-58bn","tag-bags","tag-government","tag-misses","tag-months","tag-revenue","tag-target"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1219198","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1219198"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1219198\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1219198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1219198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1219198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}