PAC urges GRA to recover unpaid taxes from public institutions
The Public Accounts Committee (PAC) has urged the Ghana Revenue Authority (GRA) to intensify efforts to recover unpaid taxes from public institutions and businesses.
In Brief
- •The Public Accounts Committee (PAC) has urged the Ghana Revenue Authority (GRA) to intensify efforts to recover unpaid taxes from public institutions and businesses.
- •The GRA has reported exceeding its revenue target by the end of September.
- •The Chairperson of the Committee, Abena Osei Asare, commended the GRA and the Auditor-General for their work but called for greater transparency in tax collection.
Why It Matters
The call for increased tax recovery from public institutions is significant as it highlights the need for better financial accountability and transparency in Ghana's public sector. This move could help address fiscal challenges and ensure that public funds are used efficiently and effectively. The GRA's performance in meeting its revenue targets also underscores the importance of robust tax administration in supporting the country's economic development.
Key Details
- Revenue Target Status
- Exceeded by the end of September
Context & Background
The Ghana Revenue Authority (GRA) is responsible for collecting taxes and other revenues on behalf of the government of Ghana. The Public Accounts Committee (PAC) is a parliamentary committee that oversees the financial management of the government and ensures that public funds are used efficiently and effectively.
Original Reporting & Sources
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