TaxLawGHby MSL Business School
MSL Business SchoolAnnual revenue intelligence
Ghana Tax Revenue Performance
A permanent, year-by-year record of Ghana's tax revenue outturn: official targets, actual collections, growth, tax-stream movements and source-quality notes.
Analysed and explained by MSL Business School through TaxLawGH.
The series in brief
Revenue rose sharply in cash terms, but target performance moved in both directions.
The headline outturn increased from GHS 75.706 billion in 2022 to GHS 181.692 billion in 2025. The original annual target was exceeded in 2023 and 2024, but missed in 2022 and 2025.
Nominal growth alone does not show the full story. The reports' real-growth measures range from a 0.7% decline in 2022 to 10.5% growth in 2024.
Annual editions
Open the year you need.
Each annual page contains a verified headline, interactive tax-stream table, source notes, report links and responsive visual analysis.
96.0% of the original annual target; 18.3% nominal growth and 4.4% real growth.
Open the 2025 analysis2024 editionGHS 153.571bn105.2% of the original annual target; 35.6% nominal growth and 10.5% real growth.
Open the 2024 analysis2023 editionGHS 113.066bn106.7% of the original annual target; 49.3% nominal growth and 7.6% real growth.
Open the 2023 analysis2022 editionGHS 75.706bn94.3% of the original annual target; 31.8% nominal growth and -0.7% real growth.
Open the 2022 analysisActual versus original annual target
The same cash-growth trend produced different target outcomes.
Reported growth
Inflation materially reduced the real-growth result.
The lines reproduce the nominal and real growth measures printed in each Ministry report. They are not independently rebased by TaxLawGH.
Four-year comparison
The core metrics in one table.
| Year | Actual (GHS m) | Target (GHS m) | Target achieved | Nominal growth | Real growth |
|---|---|---|---|---|---|
| 2022 | 75,706.34 | 80,305.66 | 94.3% | 31.8% | -0.7% |
| 2023 | 113,066.43 | 105,998.73 | 106.7% | 49.3% | 7.6% |
| 2024 | 153,571 | 145,992 | 105.2% | 35.6% | 10.5% |
| 2025 | 181,692 | 189,184 | 96.0% | 18.3% | 4.4% |
Target achieved is calculated from the displayed Ministry actual and original annual target values.
Evidence and comparability
The portfolio keeps official numbers useful without pretending every edition is identical.
Primary-source first
Every annual page is grounded in the corresponding Ministry of Finance report and records the verified PDF hash.
Original targets stay comparable
The hub uses original annual targets. Revised targets remain visible on the annual pages instead of being mixed into the series.
Ratio definitions stay separate
Total tax-to-GDP and non-oil tax-to-GDP are not merged into one unqualified time series.
Source errors are disclosed
The 2024 report's internal inconsistencies are documented and resolved at the narrowest defensible level.
Official collection
The Ministry currently lists four annual editions.
Ministry of Finance Revenue Reports
The official library currently contains Annual Tax Revenue Performance Reports for 2022, 2023, 2024 and 2025. TaxLawGH preserves a verified local copy of each source used to build this portfolio.
Frequently asked questions
Ghana tax revenue performance series
Which annual tax revenue reports are available?
The Ministry of Finance currently lists annual tax revenue performance reports for 2022, 2023, 2024 and 2025. TaxLawGH has a dedicated analysis page for each edition.
Which year had the highest tax revenue in cash terms?
Among the four editions, 2025 recorded the highest headline amount at GHS 181.692 billion.
Which years exceeded the original annual target?
The 2023 and 2024 headline outturns exceeded their reconciled original annual targets. The 2022 and 2025 outturns were below their original targets.
Can the tax-to-GDP ratios be compared directly?
Not without care. The 2022 and 2023 editions discuss total tax-to-GDP, while the 2024 and 2025 editions foreground non-oil tax-to-GDP. TaxLawGH does not merge those definitions into a single unqualified series.
How does TaxLawGH handle errors in an official report?
TaxLawGH identifies internal inconsistencies, tests arithmetic against the report's schedules and uses the most defensible source layer. It does not silently correct or conceal material source differences.