The Minister must set aside no more than 4% of collected revenue in the General Refund Account, and the Commissioner-General may use that account only for refunds and must pay any year-end surplus into the Consolidated Fund.
REPUBLIC OF GHANA Act 1129 The One Thousand one hundred and twenty-nineth ACT OF THE PARLIAMENT OF THE REPUBLIC OF GHANA ENTITLED REVENUE ADMINISTRATION (AMENDMENT) ACT, 2025 AN ACT to amend the Revenue Administration Act, 2016 (Act 915) to reduce the percentage of the total revenue that is set aside by the Minister in the Ghana Revenue Authority General Refund Account and provide for related matters. DATE OF ASSENT: 2nd April, 2025 PASSED by Parliament and assented to by the President Section 69 of Act 915 amended The Revenue Administration Act, 2016 (Act 915) is amended by the substitution for section 69, of “Ghana Revenue Authority General Refund Account 69. (1) The Minister shall set aside an amount of not more than four per cent of the total revenue collected under this Act and any other enactment administered by the Commissioner-General, Act 1129 Revenue Administration (Amendment) Act, 2025 in an account designated as the “Ghana Revenue Authority General Refund Account”. (2) The Ghana Revenue Authority General Refund Account shall, only, be used by the Commissioner-General to make payments for (a) refunds due under this Act; and (b) refunds due under any other tax law. (3) Where at the end of a calendar year there is an amount outstanding as credit in the Ghana Revenue Authority General Refund Account after refunds certified by the Commissioner- General have been paid, the outstanding amount shall be paid into the Consolidated Fund by the Commissioner-General in accordance with the Public Financial Management Act, 2016 (Act 921) and the Public Financial Management Regulations, 2019 (L.I. 2378).”. 2 Revenue Administration (Amendment) Act, 2025 Act 1129 Date of Gazette notification: 2nd April, 2025. 3 PRINTED BY GHANA PUBLISHING COMPANY LTD. ASSEMBLY PRESS, ACCRA. GPCL/A211/450/04/2025 Websile:www.ghanapublishing.com Email:inro@ghanapublishing.com Tel: +233 0302-664338/9 Websile:www.ghanapublishing.com mailto:ro@ghanapublishing.com