The Ghana Revenue Authority (GRA) collected more money than expected in 2024, bringing in GH₵153.5 billion.

This is GH₵7.5 billion more than their target of GH₵145.9 billion, which is a 5.3% increase. Compared to 2023, this is a 35% growth. Including additional levies, the total revenue reached GH₵157.9 billion.

Drivers of the 2024 revenue collection

Domestic revenue increased by 31.6%, and Customs revenue grew by 47.0%.

Most taxes collected more money than the Ghana Revenue Authority (GRA) expected.

For example, the GRA aimed to collect GH₵30 billion from Corporate Tax but ended up with GH₵38 billion.

Mineral Royalty brought in GH₵5.2 billion, exceeding the target of GH₵3 billion.

Airport tax collected GH₵1.6 billion, more than the GH₵1.3 billion target.

People close to the GRA said that besides some taxes performing well, the authority's strict enforcement also helped achieve the 2024 target.

Performance of e-levy and Covid-19 levy

The GRA aimed to collect GH₵2.1 billion from the e-levy in 2024 but ended up with GH₵2 billion.

For the COVID-19 Health Recovery Levy (Flat Rate), the target was GH₵128 million, but they collected GH₵86 million.

For the COVID-19 Health Recovery Levy (Standard Rate), they collected GH₵2.7 billion instead of the GH₵4.2 billion target.