Ghana Eyes 0.6% GDP Revenue Boost with Tax Enforcement, Says World Bank

Gdp

Ghana could increase government revenue by at least 0.6% of GDP next year if it fully implements tax measures in its 2025 budget, the World Bank stated in its latest economic update.

World Bank Country Director Robert Taliercio presented the projection in Accra, linking it directly to fiscal targets under Ghana’s IMF-backed reform program.

He stressed rigorous enforcement of tax exemption laws and creating a comprehensive tax expenditure register are vital for transparency. “Swift policy execution is non-negotiable,” Taliercio urged.

The Bank called for immediate action to strengthen the Ghana Revenue Authority’s capabilities. This includes rolling out the Integrated Tax Administration System and conducting risk-based audits to boost compliance and close loopholes.

It also pressed for nationwide adoption of key financial management tools – GIFMIS and GHANEPS – across all government agencies and local assemblies.

That means every ministry, district office, and municipal body using these digital systems without exception.

Further efficiency gains, the report noted, hinge on integrating all government spending accounts into the Treasury Single Account.

This move would significantly improve expenditure control and transparency, ensuring every cedi is accounted for centrally. Together, these steps form the backbone of sustainable fiscal health.

“Improving tax administration, broadening the tax base, and strengthening public financial management are critical,” the report concluded. For a nation navigating economic recovery, that 0.6% GDP gain isn’t just a statistic. That means real money for schools, roads, and debt reduction. Can Ghana deliver?

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