Stakeholder engagement seeks to reverse low VAT mobilisation trends
The Ghana Revenue Authority (GRA) has begun a stakeholder dialogue to adopt strategic reforms aimed at reversing the country’s declining Value Added Tax (VAT) revenue trends. This move aligns with measures proposed in the government’s 2025 Budget and Economic Policy to strengthen tax compliance and mobilisation.
Despite a 17% growth in VAT collections last year, VAT continues to contribute just 20% of Ghana’s total revenue. Acting Commissioner-General of the GRA, Anthony Kwasi Sarpong, expressed optimism that with improved compliance, more revenue can be harnessed to drive national development.
The event also marked the launch of this year’s Tax and Good Governance Month, themed:
Transforming for Impact and Growth: Accelerating Domestic Revenue Mobilisation Through Effective Compliance Tools.”
Sarpong urged taxpayers to meet their obligations, particularly during the April compliance campaign.
Ashanti Regional Minister Dr. Frank Amoakohene reassured businesses that concerns about high import duties and port charges are being addressed. GRA officials including Brigadier General Glover Annan, Dr. Alex Adomako-Mensah, and Apenteng Gyamera also attended the dialogue to deliberate on key tax issues.
Source: MyJoyOnline