Professional Documents
Culture Documents
GRA 2022 Annual Report
GRA 2022 Annual Report
ANNUAL
REPORT
2022 ANNUAL REPORT
PAGE 00
2022 ANNUAL REPORT
PAGE 00
2022 ANNUAL REPORT
List of Tables
PAGE 01
2022 ANNUAL REPORT
List of Figures
PAGE 02
2022 ANNUAL REPORT
Letter of Transmittal
Dear Minister,
In accordance with section 26 (1) and (2) of the Ghana Revenue Authority Act, 2009
(Act 791), I have the pleasure of presenting to you on behalf of the Governing Board,
the Annual Report and Financial Statement of the Ghana Revenue Authority (GRA)
st
for the year ended 31 December, 2022.
Yours faithfully,
……………………………..
Dr. Anthony Oteng-Gyasi
(Board Chairman)
PAGE 03
2022 ANNUAL REPORT
Despite the difficulties we expect 2023 to The Board believes in the ability, willingness and
come with improved prospects for the commitment of Management and Staff to turn
economy, at least during the second half of the round the revenue fortunes in 2023 and make
year. remarkable improvements in revenue Mobilisation.
Against this backdrop, the Board urges The Board assures you of our unwavering
Management, to deliberate on effective ways commitment to supporting in every possible way for
to realize the full potential of VAT collection, Management to provide the right logistics and staff
Excise Stamp, High Net worth taxation, Rent motivation to facilitate your work.
Income Tax, Property Rate among many other
interventions that have been rolled out in 2022. It is the expectation of the Board that Management
Efforts must also be doubled in and all staff of the Authority will bring up the most
relevant, robust and outside-the-box strategies in
the implementation of VIT and Tax Stamp. order to meet the 2023 revenue target, which is
The Board pledges to make the appropriate expected to grow about 40% over the 2022
interventions to facilitate the passage of the revenue target.
various tax bills which are currently pending
before Parliament so that implementation
does not delay into the second quarter of 2023.
PAGE 05
2022 ANNUAL REPORT
It seeks to address the varying gaps within the The Levy was charged at the rate of 1.5% on
revenue reporting ecosystem such as an applicable electronic transfer at the time of
recurring reconciliation differences, tax handle transfer. Unfortunately, the expected revenue
mismanagement among others. could not be realised due to varied socio
economic and political reasons.
We are also in the process of developing a new
overall audit strategy, involving audit reviews With the assistance of GIZ, the Authority
and special investigations resulting from high- reviewed its Code of Ethics and Conduct
potential tipoffs. This will foster closer which was first developed in 2010 and also
coordination with the Ethics and Good introduced the first ever E-Learning Module
Governance Department and greater Course. Over seven thousand five hundred
harmonization with Area offices and other staff (workforce) participated in this online
audit Departments/Units in the Authority and sensitisation novelty of E-Learning Modules.
ultimately translate into gains for the Authority.
PAGE 07
2022 ANNUAL REPORT
These are; revision of income-based taxes, implementing of the Unified Property Rate collection,
intensify the implementation of the VAT E-invoicing system to enhance compliance, pursue
Additional Oil Entitlement (AEO) in relation to the Jubilee Field, and enhance Rent Tax
Compliance among others.
We appreciate the support from our Board, Staff, Donor Partners, tax paying public, media
and all who in diverse ways were part of our 2022 success story.
PAGE 08
2022 ANNUAL REPORT
PAGE 09
2022 ANNUAL REPORT
PAGE 10
2022 ANNUAL REPORT
CHAPTER 1:
About Ghana
Revenue Authority
PAGE 11
2022 ANNUAL REPORT
PAGE 12
2022 ANNUAL REPORT
PAGE 13
2022 ANNUAL REPORT
PAGE 14
2022 ANNUAL REPORT
PAGE 15
2022 ANNUAL REPORT
BOARD MEMEBERS
PAGE 16
2022 ANNUAL REPORT
PAGE 17
2022 ANNUAL REPORT
DEPUTY COMMISSIONERS
Transformation
Operations 1
PAGE 18
2022 ANNUAL REPORT
DEPUTY COMMISSIONERS
PAGE 19
2022 ANNUAL REPORT
CHAPTER 2:
Economic
Overview
PAGE 20
2022 ANNUAL REPORT
Global growth, therefore, slowed from 6.0 In 2021, the ECOWAS sub-regional economy
percent in 2021 to 3.0 percent in 2022, rebounded through the resumption of trade
according to the IMF, recording one of the among member states, after a year of deep
weakest growth profiles in recent years except recession due to the COVID-19 pandemic.
for the global financial crisis in 2007, and the Consequently, real GDP growth strengthened
acute phase of the COVID-19 pandemic in to 4.4 percent from a contraction of 0.6 percent
2020. This, obviously reflects significant in 2020. However, growth rate slowed at a rate
slowdowns for the largest, emerging and of 3.7 percent in 2022, as a result of
developing economies. Global headline consequences of the Russian-Ukrainian war,
inflation also moderated at 8.7 percent as and the severity of disruptions in commodity
against 4.7 in 2021 due to reasons indicated markets and to supply chains
above.
PAGE 21
2022 ANNUAL REPORT
PAGE 22
2022 ANNUAL REPORT
PAGE 23
2022 ANNUAL REPORT
Electricity and Construction sub-sectors Overall, the Non-Oil annual GDP contracted
contracted by 11.2 and 10.1 percent, mainly from a growth of 6.6 percent in 2021 to 3.8
due to increased construction materials, percent in 2022. The lean growth rate could be
proxied by the volume of cement sales which attributed to the non-performance in
posted a significant decline, and the alleged construction, hospitality, information and
illicit meter tampering leading to a high debt communication and the financial sub-sectors.
stock (0.9 in 2022 Electricity), (6.2 in 2022
Construction). The water and sewerage
subsector however, maintained a growth of 0.9
percent for 2021 and 2022.
PAGE 24
2022 ANNUAL REPORT
PAGE 25
2022 ANNUAL REPORT
PAGE 26
2022 ANNUAL REPORT
CHAPTER 3:
Strategic Plan
Evaluation Highlights
PAGE 27
2022 ANNUAL REPORT
3.1 GRA's 3rd Strategic Plan: 2020 - 2022 The Plan is premised on five (5) Strategic
The 3rd Strategic Plan was developed based Goals supported by Transformation Pillars for
on the vision of the government to move the three Divisions and the Departments/ Units
“Ghana Beyond Aid”, increasing urgency for under the Commissioner-General's Office.
domestic resource mobilisation, the need to
encourage voluntary compliance as well as
leverage technology and digitalization in tax
administration.
rd
3.2 Highlights of 3 Strategic Plan: 2020 – .3.2.1 Revenue
2022 Evaluation Report The GRA set a revenue growth target of 28.2%
The Ghana Revenue Authority's Third in order to achieve a tax-to-GDP target of
Strategic Plan aimed to increase revenue 17.5% by 2022. However, total tax revenue
mobilisation and improve efficiency and increased by 6.72% from 2019 to 2020,
effectiveness between 2020-2022. followed by a 22.57% increase in 2021 and a
31.82% increase in 2022. While the growth in
The Plan was based on the government's tax revenue fell short of targets in 2020 and
policy agenda of “Ghana Beyond Aid”. 2021, the 2022 growth of 31.8% exceeded the
target. The details as shown in figures 3.2 and
3.3
PAGE 28
2022 ANNUAL REPORT
PAGE 29
2022 ANNUAL REPORT
PAGE 30
2022 ANNUAL REPORT
PAGE 31
2022 ANNUAL REPORT
CHAPTER 4:
Revenue
Performance
PAGE 32
2022 ANNUAL REPORT
This performance represents a nominal growth rate of 31.8 percent over the 2021 collection of
GH¢57,433.38 million. In 2022, domestic revenue and customs revenue grew by nominal rates of
29.3 percent and 38.4 percent respectively.
In total, Domestic Tax Revenue Division comprising Direct and Indirect Taxes contributed 70
percent and the Customs Division contributed 30 percent of total tax revenue for the 2022 fiscal
year as depicted in Figure 4.1.
Figure 4.1: Percentage (%) Contribution by Revenue Heads to Total Tax Revenue
PAGE 33
2022 ANNUAL REPORT
Figure 4.2 plots the annual tax revenue collections against respective targets from 2017 to 2022.
With the exception of the 2018 and 2019 fiscal years, the tax revenue targets were met.
PAGE 34
2022 ANNUAL REPORT
Figure 4.3 features growths in tax revenue and non-oil GDP, and the tax-to-GDP ratio from 2017 to
2022. In 2022, tax revenue increased as much as the economy expanded leading to a tax
buoyancy of 1.0.
Figure 4.3: Analysis of tax revenue growth rates and tax-to-GDP ratio.
Figure 4.4 details the monthly tax revenue collections from 2017 to 2022. Evident in the graph are
the trends and seasonalities of collections peaking at the quarters and dipping in the months
immediately following the end of the quarters.
PAGE 35
2022 ANNUAL REPORT
PAGE 36
2022 ANNUAL REPORT
PAGE 37
2022 ANNUAL REPORT
4.3 Reasons for Revenue Performance MMDAs for business were negatively
4.3.1 Domestic Taxes affected, reducing their contribution to
4.3.1.1 Pay-As-You-Earn (PAYE) the tax type.
Total PAYE collected for the 2022 fiscal year · Suspension of the Vehicle Income Tax
amounted to GH¢12,065.41 million (VIT) and Tax Stamp which are elements
of the Self Employed continued to affect
exceeding its target of GH¢11,814.22 million the tax type.
by GH¢251.19 million (i.e.,2.1%). The PAYE
collection for the year represented a nominal · Recovery of most sole proprietors from
growth of 24.1 percent over the 2021 the COVID-19 pandemic was slower
collection figure of GH¢9,723.55 million. The than anticipated and this led to low
withholding taxes withheld from sole
performance of this tax type was mainly due to proprietors.
the following:
· Payment of Cost-of-Living Allowance 4.3.1.3 Corporate Income Tax (CIT)
(COLA) which was not factored into Corporate Income Tax collection was
the 2022 projections, bonuses, and GH¢17,650.36 million exceeding its target of
other allowances notably from the GH¢16,477.20 million by GH¢1,173.16
mining and financial institutions. million (i.e.7.1%). The tax type further
recorded a growth of 21.9 percent above the
· Depreciation of the Cedi which led to 2021 collection of GH¢14,479.64 million. This
an increase in the quantum of PAYE positive deviation was due to increased
paid by the mining companies where sensitisation and compliance activities that
salaries of employees were indexed to enabled companies to take advantage of the
the US dollar. penalty and interest waiver provision under
the Penalty and Interest Waiver (Amendment)
· Increase in the on-time filing rate for Act 2021, (Act 1073) to increase CIT revenue
the tax type due to enhanced collection.
compliance activities.
4.3.1.4 Mineral Royalty
4.3.1.2 Self-Employed The total tax collected amounted to
Total tax collected amounted to GH¢659.17 GH¢1,796.19 million. The growth in revenue
million recording a negative deviation of GH¢ was 31.2 percent above the 2021 collection of
275.60 million (i.e. 29.5%) against the GH¢1,369.04 million. This tax handle
targeted GH¢934.76 million. There was, recorded a negative deviation of GH¢ 777.85
however, a year-on-year growth in revenue of million (i.e. 30.2%) due to low production.
34.1 percent above the 2021 collection of
GH¢491.45 million. The reasons the tax type 4.3.1.5 Domestic VAT
was unable to meet its target are as follows: Domestic VAT collection was GH¢8,963.92
million representing GH¢13.77 million
· Prolonged delays in the disbursement of (i.e.,0.2%) above the targeted amount of
the District Assembly Common Fund GH¢8,950.15 million. A growth rate of 29.8
(DACF) and GETFund which is a key percent was recorded over the 2021
source of funding for the activities of the collection of GH¢6,905.22 million. Domestic
MMDAs and other withholding agents VAT contributed 11.8 percent of total tax
affected their spending budget. As such revenue. The positive deviation recorded in
individuals and entities that relied on the the year may be explained as follows:
PAGE 38
2022 ANNUAL REPORT
4.3.2 Trade Taxes Target CIF for the period was Gh¢69,718.97
4.3.2.1 Import Duty and Levies million, while actual CIF recorded was
Revenue for the year amounted to Gh¢73,436.56 million, indicating a positive
GH¢10,139.39 million, recording a positive deviation of Gh¢3,717.59 million or 5.3
variance of GH¢1,566.11 million or 18.3 percent. See Table 4.5 for the actual and
percent. Consequently, an excess collection target CIF for 2022.
of GH¢3,267.71 million representing a growth
rate of 47.6 percent was recorded over the Out of the GH¢73,436.56. million goods
2021 collection of GH¢6,871.67 million. The imported into the country, 69.7 percent
contribution of Import Duties and Levies to the contributed to the revenue mobilized for the
total tax revenue collection was 13.4 percent. year 2022, 30.3 percent of the total imports
did not yield any revenue and this comprised
4.3.2.2 Import VAT the zero-rated and goods cleared under the
Import VAT collection for the year under exemption regime. Figure 4.5 shows the
review was GH¢6,824.72 million. This figure percentage taxable CIFs from 2020 to 2022.
exceeded the targeted amount of
GH¢6,452.78 million with a positive deviation
of GH¢371.94 million representing 5.8
percent.
PAGE 39
2022 ANNUAL REPORT
Imports cleared on exemption also affected This indicates that most imports into the
revenue mobilisation as they did not contribute country were registered under these bands
to revenue mobilisation and accounted for instead of the higher tax bands which would
24.4 percent in the year 2022. This is an have translated into more revenue. Table 4.6
indication that imports in the exemption shows the details of the values of goods
category increased as compared to the same admitted to the various import duty rates from
periods in 2020 and 2021. 2020 to 2022 whereas Figure 4.6 gives a
pictorial view of same.
The lower tax rate bands of Zero (0%),
Exempt, and Five percent (5%) recorded an Table 4.6: Comparative Analysis of Values of
aggregate high figure of GH¢50,935.4 million Imports Admitted at Various Import Duty Rates
representing 69.4 percent of the total CIF for
the period under review.
PAGE 40
2022 ANNUAL REPORT
Table 4.7 details the analysis of the categories of the various exemptions regime/ authority, the
CIF value of goods imported, and the revenue exempt thereof for the periods 2020 to 2022.
Table 4.7: Analysis of Exempt Goods: 2020 – 2022
PAGE 41
2022 ANNUAL REPORT
In the 2022 fiscal year, some overarching The discount for general goods was reduced to
factors that influenced the performance of 30% and that for used motor vehicles to 10%.
revenue from trade taxes were:
4.3.3.1 Revision of Freight for General 4.3.3.3 Effect of the Cedi depreciation
Goods The exchange rate affects the revenue
The upward revision of freight charges on mobilized for trade taxes. Importers make
goods from Asia contributed significantly to the declarations to customs in the currencies of the
revenue performance. Ghana Customs uses countries the purchased goods originate.
Cost, Insurance, and Freight (CIF) as the duty Customs assesses the goods in the various
base and any adjustments in the base will currencies and then applies the prevailing
affect the revenue generated since the import exchange rate.The sharp depreciation in the
revenue rates are applied ad valorem. Ghanaian cedi to the dollar in the last five (5)
months of 2022 positively affected the revenue
4.3.3.2 Partial Reversal of the Discount performance.
Policy/ Revision of Reference Values
The partial reversal of the Discount Policy 4.4 Comparison of Tax-to-GDP Ratio of
(benchmark values) is another reason for the selected West African Countries
performance of the trade taxes. Government The unweighted tax-to-GDP ratio for thirty-one
in April 2019 announced a 50% discount for (31) African Countries averaged 16.0 percent.
general goods and a 30% discount for used This figure was below the average of 24 Asian
vehicles as a measure to reduce the cost of and Pacific economies which recorded 19.1
doing business in Ghana. This policy was percent, Latin America and Caribbean 21.9
revised after series of engagements with the percent, and OECD 33.5 percent. The
Association of Ghana Industries (AGI) and the breakdown of selected West African countries
Ghana Union of Traders' Association (GUTA). is shown in Figure 4.7.
PAGE 42
2022 ANNUAL REPORT
The contributions of the various tax heads to total tax revenue for economies in the ECOWAS sub-region are
shown in Figure 4.8:
PAGE 43
2022 ANNUAL REPORT
CHAPTER 5:
Organisational
Performance
PAGE 44
2022 ANNUAL REPORT
This chapter summarises key achievements of policies and initiatives implemented within the year.
5.1 Taxpayer Population
The total number of registered taxpayers (TIN Holders) stood at 19,408,646. The details of
registered taxpayers are shown in the table 5.1 below:
PAGE 45
2022 ANNUAL REPORT
Out of the total debts, GH¢1,005 billion (17.81%) is made of general debt that the Authority uses
the available enforcement tools to manage while GH¢4,637 billion (82.19%) is being managed by
external lawyers and the Large Taxpayer Office (LTO).
Table 5.5: Analysis of the Overall Debts
PAGE 46
2022 ANNUAL REPORT
5.6 Post Clearance Audit (PCA) DTRD & A total of one hundred and seven (107)
Customs taxpayers were visited within the Greater
A total amount of GH¢107.06 million was Accra Region.
recovered from all PCA Customs and PCA
DTRD audits. This amount includes 5.10 Event/ Entertainment Monitoring
GH¢81.92 million recovered from PCA The monitoring of one hundred and sixty-eight
Customs debt. (168) events/entertainments in Accra and its
environs recorded total assessments of GH¢1.1
5.7 Customs Debt – Oil Marketing million out of which GH¢744,777.76 (67.73%) was
Companies (OMCs) and Petroleum Debts recovered.
An amount of GH¢148.21 million in respect of
petroleum debts was recovered from Oil 5.11 Swoop
Marketing and Insurance companies. In the course of the year, swoops were carried out
on eleven (11) taxpayers. Out of this number,
5.8 Invigilation audits have been completed on four (4) and
As a means of ensuring that all registered assessments raised amounted to GH¢6.20 million.
taxpayers comply with the issuance of the
Commissioner-General's invoice as well as 5.12 Escalated Cases
their preparation and submission of VAT To reduce the debt stock, one hundred and forty-
returns, tDMCE in collaboration with TSCs nine (149) cases were escalated from the various
conducted invigilation of specific sectors Area Offices. A total amount of GH¢257.85 million
including hotels, restaurants, shopping malls, was recovered.
manufacturing companies etc.
5.13 Post Clearance Audit (Customs Audits)
5.9 Compliance/ Educational Visits Total revenue recovered from the various Post
To ensure that all taxpayers comply with the Clearance Audits amounted to GH¢497.52 million.
provisions of the tax laws, visits to taxpayers to This is made up of a total short collection of
ascertain their levels of compliance and also GH¢141.60 million as well as a pecuniary penalty
to educate them where necessary, were component of GH¢355.92 million.
carried out.
PAGE 47
2022 ANNUAL REPORT
PAGE 48
2022 ANNUAL REPORT
· Completed 36 special audit and investigation cases and raised an amount of GH¢143.25
million and USD3.29 million as liabilities.
· Assisted in auditing of three (3) Independent Power Producers (IPP). Assessment raised
amounted to USD 92.7 million & GH¢298.66million.
· Completion of the first phase of the third-party data exchange with agencies such as
KelniGvG, Electricity Company of Ghana (ECG), DPC and National Identification Authority
(NIA). Exchange of data with Social Security and National Insurance Trust (SSNIT) is at
the Application Programming Interface (API) testing stage.
· Enforcement of tax audit quality assurance standards across the audit universe.
· Enforcement of tax audit quality assurance standards across the audit universe.
PAGE 49
2022 ANNUAL REPORT
· Evolved a Business Intelligence (BI) dashboard to identify High Net Worth Individuals
utilising import data with National Insurance Commission (NIC) and electricity
consumption data as a lead for auditors for High Net Worth Individuals.
PAGE 50
2022 ANNUAL REPORT
· Key office structures required to support DTRD Office Restructuring agenda were secured,
set up, furnished and operationalized within the required time frame.
PAGE 51
2022 ANNUAL REPORT
PAGE52
2022 ANNUAL REPORT
PAGE53
2022 ANNUAL REPORT
· Complaints Resolution
Improvement in customer service delivery led to 99.5 percent resolution of complaints
from the call Centre.
· Staff Engagement
Engagements were held in all Taxpayer Service Centres and Customs Collections in
Greater Accra, Volta, Oti, Upper West and Savannah Regions. These engagements
were geared towards the development of customer-centric staff
PAGE54
2022 ANNUAL REPORT
CHAPTER 6:
Information and
Technology Achievements
PAGE 55
2022 ANNUAL REPORT
The central focus of the Transformation Agenda is 6.3 Digitisation of Performance Management
the use of technology to provide multiple channels 360
of delivering robust e-services to GRA The digitised performance management system
stakeholders. The objectives are to improve known as Performance Management 360 went live
decision making backed by data analytics and the with standardized processes. The new system
provision of paperless business operating considers all the relevant stakeholders including
environment. To achieve these, the Authority internal supervisors, office peers and external
embarked on the following initiatives: customers such as taxpayers in assessing
individual performance of staff, i.e. a 360 view of
6.1 Networking of GRA Offices Countrywide staff performance vis-à-vis work targets for the
Extensive work was carried out in connecting all year. This has enabled staff to track and evaluate
GRA's offices to the new Data Centre. The work performance targets with their supervisors
which included trunking, cabling, racking and electronically.
switching has been completed for 244 offices. Out
of this figure, 14 offices as part of the pilot phase 6.4 Roll Out of WCO Container Targeting
have been connected to the new Data Centre with System
the migration of the remaining offices to go live by The Authority with support from the WCO and the
the end of January 2023. US Customs & Border Protection Agency deployed
a Container Targeting System at the Data Centre.
The expected benefits from the upgrade of GRA's The System which was integrated with the
network infrastructure are improved intra Integrated Customs Management System
communication and collaboration within GRA, (ICUMS) was set up to Risk Profile all Sea or
resilient network infrastructure, improved Maritime Manifests that arrived at the Ports. This
productivity and revenue mobilisation and better was to assist the Customs Division to target and
customer experience among others. flag high risk cargo entering Ghana for the purpose
of protecting Government revenue and minimize
6.2 Automation of Workflows for Key Support the importation of dangerous and illegal goods.
Functions Training was organized for all relevant Customs
Departments were engaged in order to document staff and the System is now operational.
and standardize their processes with the aim of 6.5 Electronic Tax Clearance Certificate (E-
eliminating manual processes. This was to reduce TCC)
turnaround time in some key functions, while
enabling staff experience a seamless and efficient The Domestic Tax Revenue Division (DTRD)
way of having their requests speedily attended to developed and standardized the processes
with built-in digital feedback. Digital-based Taxpayers go through in applying for Tax
workflows were automated in the following areas: Clearance Certificates.
· Incidence Reporting
· Prosecutions Workshops were held to fine tune the processes
· Vehicle /Fuel Requisition with relevant stakeholders.
· Performance Management · Tax Clearance Certificates (TCC) can be
· Leave Request obtained online without physically visiting
· Loan Request any GRA office.
· Workshop Manager · The system is transparent and the
· Promotions Interview taxpayer can track applications online.
· Stores Management · The validity of a TCC can be checked
· Facilities Management online to prevent forgery or faking of
TCCs.
PAGE 56
2022 ANNUAL REPORT
6.6 Status of GRA Ghana.Gov Tax App · Hosting and providing a platform for the
Ghana Integrated Tax Management Information exchange of international tax data through
(GITMIS) was integrated with the Ghana.Gov. the common reporting standard, with the
Mobile App. Taxpayers can now use this solution to Global Forum.
interact with the GRA on taxpayer services such as · Hosting back-end core networking and
filing of tax returns and payment. security systems to effectively manage the
Authority's existing connectivity between
6.7 Cashless Policy the TSCs, Customs and other GRA offices
The implementation of this policy initiative which to the Data Centre.
began in 2021, involved systems for payment of · Hosting enterprise Kaspersky's anti-virus
taxes that were integrated with the Ghana.gov system to securely manage end devices
Application to enable taxpayers pay their taxes directly and indirectly accessing the
online and through the banks. To enhance the internet.
efficiency of the system, a module for accurate
reconciliation and correct reporting of all online 6.10 E-Levy Implementation
payments of Government Revenue was added in The objective of the Project was to improve tax
2022. The benefits are: revenues by tapping into fast-growing digital
· Taxpayers pay their taxes online and at the financial services (DFS). The scope of
banks without visiting any GRA office. implementation covered the following:
· Taxpayers effectively pay for taxes using · Mobile Money transfers done between
the Mobile Money Platform, Mobile Apps accounts on the same EMI
and USSD free of any e-Levy charges. · Mobile Money transfers from one account
· The availability of multiple channels for on one EMI to a recipient on another EMI
payment of taxes. · Transfers from bank accounts to mobile
money accounts
6.8 Integrated Tax Administration System · Transfers from mobile money accounts to
(ITAS) bank accounts
GRA is expected to have single Integrated Tax · Bank transfers on an instant pay digital
Administration System that caters for all tax types platform or application originating from a
in line with international good practice. bank account belonging to an individual
Implementation of the system would involve subject to a threshold to be determined by
extensive re-engineering of processes and the Minister.
migration from existing systems. Bids were The solution went live in May 2022 after extensive
successfully evaluated based on Request for stakeholder engagement with the Charging
Proposal (RFP). Entities (Electronic Money Issuers (EMI), Payment
Service Providers, Banks, Specialized Deposit-
6.9 Deployment of New Data Centre Taking Institutions and other Financial Institutions.
The new Data Centre provides the foundation for
all systems and applications that will be deployed 6.11 Data Warehouse & Analytics Project
by GRA. The Data Centre currently hosts core GRA's Data Warehouse (DW) which is hosted on
GRA online solutions. GRA's Azure Tenancy was officially handed over in
The new Data Centre provides the following: May 2022. The System was integrated with GRA's
· Centralised management of the core tax Core Tax System (GITMIS & ICUMS) and other
database and application system with an relevant stakeholders for the purpose of risk
active replication from the Primary Site to profiling and having a 360-degree view of the
the Disaster Recovery Site. taxpayer.
PAGE57
2022 ANNUAL REPORT
The objective of the project was to empower DTRD 6.12 E-VAT Pilot Implementation
and Customs Division conduct targeted Audits of In furtherance of driving compliance with VAT
non-compliant Taxpayers, guide Tax Policy and aid obligations, a system has been developed with
in decision making. selected identified taxpayers for GRA to receive in
real time VAT invoices issued by taxpayers.
Data from ICUMS has successfully been Extensive requirement gathering, sensitization
integrated with the Core DTRD Application, activities and workshops were carried out with all
GITMS3. Work is currently ongoing to link the relevant stakeholders. The system underwent
GUIN Portal to the Data Warehouse to expand the User Acceptance Testing (UAT) to Go-Live. An
scope of data to be used for analysis and initial 50 taxpayers using their own computer-
compliance purposes. generated invoices were on-boarded for the pilot
phase
.
PAGE 58
2022 ANNUAL REPORT
CHAPTER 7:
Human Resource
PAGE 59
2022 ANNUAL REPORT
7.1 Staffing
The total number of staff as at the end of 2022 was 7,275 compared to 7,590 in 2021. The
2022 figure represented a staff decline of 4.15 percent (304) below the 2021 figure. The
senior staff category reduced by 4.21 percent in 2022 whilst Management increased by
8.81 percent. The breakdown of staff strength by category is shown in the table below
PAGE 60
2022 ANNUAL REPORT
7.3 Promotions
The total number of staff promoted was 1,849. This was made up of 136 (7.35%) Management, 903
(48.84%) Senior and 810 (43.81%) Junior officers.
PAGE 61
2022 ANNUAL REPORT
Technical Training:
Domes c Tax Revenue Division
A total of 1,432 officers (including Area Directors, TSC Heads, Unit Heads and Senior Officers) in
the DTRD were trained in technical operations such as:
· Overview of Transfer Pricing
· Desk Audit, and Mechanics of VAT
· Recent Amendments in VAT and Income Tax Acts
· Operations of Permanent Establishment
· Tax Treaties
· Changes in TPS & CEDM Operational Manuals
Customs Division
A total of 1,306 Officers were trained in Customs Operations and Preventive. Areas covered
include:
· Classification and Valuation
· Trade Facilitation
· Imports and Exports Procedures
· Rules of Origin
· AfCFTA
· Petroleum
· Post-Clearance Audits
· Anti-Smuggling Techniques
· Defence Management
· Signals
· Customs Procedures Code
· Customs Regimes
PAGE 62
2022 ANNUAL REPORT
CHAPTER 8:
Communication
and Social Action
PAGE 63
2022 ANNUAL REPORT
8.1 Corporate Social Responsibility (CSR) · A Facility Tour was organized for about
Giving back to the community within which the 60 students from University of
Authority operates, provides an opportunity Professional Studies, Accra (UPSA).
for local communities to understand the basis They were educated on the
of taxation and benefits of paying taxes. importance of taxation and their tax
obligations.
CSR creates the platform through which the
Authority engages with the communities,
8.1.3 GRA Mentorship Programmes
undertaking other sponsorship and
mentorship activities to create buy-in for · A Ta x q u i z w a s o r g a n i s e d f o r
programmes and engender voluntary Accounting Students from the
compliance. University of Ghana, Pentecost
The following CSR activities were carried out University and University of
in the year: Professional Studies, Accra (UPSA).
8.1.1 Sponsorship The University of Ghana emerged
· Donation of GH¢10,000.00 to the winners of the quiz and were awarded
Ghana Heart Foundation to help a cash prize and trophy, while the 2nd
improve work of the Foundation. and 3rd winners had cash prizes.
· Donation of GH¢50,000 to the · The Authority participated in the 2022
Appiatse Support Fund to complement Civil Service Week and used the
Government's efforts to rebuild the platform to assist the general public to
Appiatse community understand their tax obligations.
· Donation of office equipment to the
Judicial Service
PAGE 64
2022 ANNUAL REPORT
CHAPTER 9:
Outlook
for 2023
PAGE 65
2022 ANNUAL REPORT
PAGE 66
2022 ANNUAL REPORT
PAGE 67
2022 ANNUAL REPORT
CHAPTER 10:
Financial Report
PAGE 68
2022 ANNUAL REPORT
PAGE69
2022 ANNUAL REPORT
PAGE 70
2022 ANNUAL REPORT
PAGE 71
2022 ANNUAL REPORT
PAGE 72
2022 ANNUAL REPORT
PAGE 73
2022 ANNUAL REPORT
PAGE 74
2022 ANNUAL REPORT
PAGE 75
2022 ANNUAL REPORT
PAGE 76
2022 ANNUAL REPORT
PAGE 77
2022 ANNUAL REPORT
PAGE 78
2022 ANNUAL REPORT
1.1 General StatementThe Ghana Revenue Authority is a covered entity preparing General
Purpose
Financial Statements in accordance with generally accepted accounting
principles.In preparing the Financial Statements, the Authority takes cognizance of the 1992
Constitution and the PFM Act 2016. Revelevant portions of the PFM Regulations, 2019 (L.I 2378)
have been applied to the preparation of these Financial Statements.
(3). Debtors
The Authority's debtors comprised of staff loans and accounts receivables. Debtors are shown at
their book values.
(4) Cash and Cash Equivalents
Cash and cash equivalents are carried in the statement of financial position at cost. Cash and cash
equivalents comprise cash on hand and balance with banks.
(5) Creditors
Creditors are obligations to pay for goods and services that have been acquired in the ordinary
course of business from suppliers. Creditors are recognized at fair value.
(6) Borrowing
Borrowings are recognised at the transaction price (that is the present value of cash payable to the
lender, including transaction costs). Interest expense is capitalised and included in the cost of
asset acquired and shown in the statement of financial position. Borrowings are classified as
current liabilities.
(7) Revenue
Ghana Revenue Authority (GRA) receives retention of not more than 3% of revenue collected in
accordance with section 21(2) of Ghana Revenue Authority Act 2009 (Act 791). Revenue is
PAGE 79
2022 ANNUAL REPORT
(8) Grants
Grants are assistance provided by government and other donor partners by transfer of resources
(either monetary or non-monetary) to the Ghana Revenue Authority.
Grant related to assets are presented by deducting the grant from the asset's carrying amount.
Grant relating to income is reported as part of other income.
Freehold land is not depreciated. Depreciation of other assets is charged so as to allocate the cost
of the assets less their residual value over their estimated useful lives, using the straight-line
method.
Property and Equipment acquired during the year are capitalized and shown in the Balance Sheet
and depreciation is not to be charged in the year of acquisition. The fixed assets capitalized for
previous periods are depreciated using the straight line method with the following rates;
PAGE 80
2022 ANNUAL REPORT
iii. The expenditure attributable to the software product during its development can be reliably
measured.
Directly attributable costs that are capitalised as part of the software product include the software
development employee costs and an appropriate portion of relevant overheads.
Other development expenditures that do not meet these criteria are recognised as an expense as
incurred. Development costs previously recognised as an expense are not recognised as an asset
in a subsequent period.
Computer software development costs recognised as assets are amortised over five years.
PAGE 81