- Ghana could gain 0.6% of GDP in revenue if 2025 budget measures are fully enforced
- Projection aligns with IMF Extended Credit Facility programme targets
- Report urges full implementation of GIFMIS and GHANEPS across all government bodies
Ghana could see a revenue increase of at least 0.6% of its GDP in 2025 if the government fully enforces the revenue measures outlined in the 2025 national budget, according to the World Bank’s latest Ghana Economic Update.
The projection aligns with the fiscal goals of the IMF-supported Extended Credit Facility (ECF) programme.
Speaking at the report’s launch in Accra, World Bank Country Director Robert Taliercio emphasized that fully enforcing the tax exemption law and establishing a detailed tax expenditure register would enhance transparency and accountability in Ghana’s revenue mobilisation efforts.
The World Bank also encouraged the government to bolster the capacity of the Ghana Revenue Authority (GRA) to implement the Integrated Tax Administration System and carry out risk-based audits to improve tax compliance.
Additionally, the report called for the full rollout of key Public Financial Management (PFM) systems — including the Ghana Integrated Financial Management Information System (GIFMIS) and the Ghana Electronic Procurement System (GHANEPS) — across all ministries, departments, agencies (MDAs), and metropolitan, municipal, and district assemblies (MMDAs).
The Bank further recommended consolidating all spending accounts under the Treasury Single Account to strengthen expenditure control, improve efficiency, and boost financial transparency.
“Enhancing tax administration, expanding the tax base, and improving public financial management are crucial to achieving sustainable fiscal consolidation,” the report concluded.
