The Minister for Finance, Dr. Cassiel Ato Forson (MP), has inaugurated the newly constituted Governing Board of the Ghana Revenue Authority (GRA), tasking the members with the critical responsibility of strengthening domestic revenue mobilization amid the country’s current fiscal challenges.
Speaking at the inauguration ceremony in Accra, Dr. Forson expressed his gratitude to His Excellency President John Dramani Mahama for assembling what he described as a “distinguished team of esteemed and accomplished individuals” to steer the affairs of the GRA.
“This is a defining moment,” the Minister noted. “You assume this mantle at a time when the government faces significant fiscal constraints, with tight financing conditions, limited access to the capital market following the debt restructuring program, and dwindling project and program grants from development partners.”
Dr. Forson emphasized that in the face of these constraints, the government’s number one fiscal priority for 2025 and the medium term is to optimize domestic revenue mobilization. He revealed that the government has programmed to increase revenue collection by at least 0.6 percentage points of GDP each year, targeting a primary fiscal surplus of 1.5% of GDP by 2025 and reducing the external debt service-to-revenue ratio from 28% in 2022 to 18% by 2028.
He cited the recent withdrawal of USAID funding — amounting to over US$78 million in health and US$156 million in economic growth and education programs — as a stark reminder of the need for a resilient domestic revenue system.
Key Areas of Focus
Dr. Forson outlined several strategic focus areas for the new Board and GRA management. These include accelerating the modernization of the Authority’s operations, building a culture of integrity, combating smuggling, reforming internal operations, and fostering closer collaboration with the Ministry of Finance’s Revenue Policy Division.
“The Ghanaian public must have unwavering confidence in GRA’s commitment to fairness and ethical conduct,” he said. “Revenue lost through corruption translates to unbuilt schools, unpaved roads, and lives adversely affected by inadequate healthcare and poor sanitation.”
He called for the implementation of a mandatory rotation policy for GRA officers after two years in a given position to reduce collusion risks, broaden professional experience, and strengthen organizational performance.
Additionally, the Minister announced plans to sign a performance bonus Memorandum of Understanding with the Commissioner-General, witnessed by the heads of Domestic Tax and Customs.
Commitment to National Development
In conclusion, Dr. Forson reaffirmed his Ministry’s commitment to supporting the GRA Board and management in delivering on their mandate.
“Let us remember that every tax cedi collected—and every integrity-driven decision made—brings us closer to building the prosperous, inclusive, and self-reliant Ghana We All Want Together,” he stated.
The Finance Minister then formally declared the new Governing Board of the Ghana Revenue Authority inaugurated.
