Ghana’s expected tax revenue for the first half of 2015 exceeded the target by GH¢887.6 million.
Tax revenue amounted to GH¢11,403.9 million, 8.4 percent higher than the Budget target of GH¢10,516.3 million.
In nominal terms tax revenue was 32.1 percent higher than the outturn recorded for the same period in 2014.
The strong performance in tax revenue was mainly due to the good performance of petroleum taxes, VAT and trade taxes resulting from the imposition of the Special Petroleum Tax and exchange rate depreciation as well as improved revenue administration and efficiency.
