Story perspectives

Ghana Aims for 8% Inflation Amid Revenue Growth Surge

1/25/2025

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Summary

Story summary

Ghana's Finance Minister, Dr. Cassiel Ato Forson, called for exceeding fiscal targets, targeting 8% inflation and raising tax revenue to 16.8% of GDP.
The GRA collected GH¢ 153.5 billion in 2024, exceeding its target by 5.3% due to robust revenue growth.
Dr. Forson highlighted the necessity for innovative revenue strategies amid limited borrowing and IMF demands.
Acting GRA Commissioner-General, Anthony Kwasi Sarpong, pledged teamwork and strategic leadership to achieve revenue objectives.

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Story summary

Ghana's Finance Minister, Dr. Cassiel Ato Forson, called for exceeding fiscal targets, targeting 8% inflation and raising tax revenue to 16.8% of GDP.
The GRA collected GH¢ 153.5 billion in 2024, exceeding its target by 5.3% due to robust revenue growth.
Dr. Forson highlighted the necessity for innovative revenue strategies amid limited borrowing and IMF demands.
Acting GRA Commissioner-General, Anthony Kwasi Sarpong, pledged teamwork and strategic leadership to achieve revenue objectives.