GRA is working harder to bridge the implementation gap of the revised VAT.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

The Ghana Revenue Authority (GRA) is stepping up efforts to close the gap in the implementation of the reformed Value Added Tax, (VAT) which commenced on January 1, 2026.

This follows a revelation that about 60 percent of businesses are yet to comply with the new VAT, which is expected to provide some price relief to consumers. In addition, the situation, according to the GRA is leading to revenue losses.

To help resolve the issue, the GRA has inaugurated a new Compliance and Enforcement Unit under the Domestic Tax Revenue Division to ensure that the VAT is paid accordingly.

The Commissioner General of the GRA, Anthony Kwasi Sarpong disclosed to Joy Business that enforcing the VAT will boost state revenue and help in achieving the revenue target of the authority.

Source: newsthemegh.com