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VAT lottery – Dep. Finance Minister-designate hints as possible measure to resolve VAT gap

Deputy Minister-designate for Finance, Thomas Nyarko Ampem, has proposed innovative strategies to address the persistent Value Added Tax (VAT) revenue gap, highlighting the potential...

Review VAT on exploration, enhance security of mines – Lands Minister on boosting mining sector

The Minister for Lands and Natural Resources, Samuel Abu Jinapor, has called for a review of Value Added Tax (VAT) on exploration and enhanced...

We expect VAT reforms as several parties incorporate our input in their manifestos – AGI 

The Association of Ghana Industries (AGI) is in anticipation of changes to the country’s Value Added Tax (VAT) system under the next government. This comes after...

VAT policy must be reviewed to be flexible – GRA

The Ghana Revenue Authority (GRA) wants a comprehensive review of the country’s Value Added Tax (VAT) policy to simplify the tax system and enhance...

IMF hints at reinstating 15% VAT on electricity as inflation falls

The International Monetary Fund (IMF) has indicated that the government may consider reinstating the 15 percent value-added tax (VAT) on electricity if inflation rates...

Gov’t considers reintroducing VAT on electricity – Report

The previously suspended 15 per cent value-added tax (VAT) on electricity could be reinstated as inflation continues to decrease. The Ghana Statistical Service (GSS) announced...

GREDA calls for removal of 17.5% VAT on property sales in mid-year budget

Stakeholders in the real estate sector are expressing concern over the government's reinstatement of a 17.5 percent Value Added Tax (VAT) on the sale...

Foreign income tax of resident Ghanaians to replace VAT on electricity – GRA

The Ghana Revenue Authority (GRA), under the leadership of Commissioner-General Julie Essiam, has introduced a new compliance measure focusing on the foreign income of...

Domestic VAT collections increased to GHC1.9 billion in 2023 – BoG

According to the January 2024 Monetary Policy Report from the Bank of Ghana, the real sector of the economy showed a mixed performance in...

Passengers to go stranded on Feb. 13 as drivers prepare to strike over VAT on electricity

Ghana Private Road Transport Union (GPRTU) has declared its intention to join Organized Labour in a planned demonstration against the implementation of Value Added...

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