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monetary policy report
Fiscal Developments Report – September 2021
The pace of revenue mobilisation remained below target, reflecting in both tax and non-tax revenue. Total Revenue & Grants for the first seven months of 2021 amounted to GH¢34,270.5 million (7.8% of GDP), lower than the target of GH¢38,833.4 million (8.8% of GDP). This outturn represented 88.3 percent of the January to July 2021 target and recorded a year-on-year growth of 19.9 percent.