The Ghana Revenue Authority (GRA) is set to begin implementing the Fiscal and Accounting Devices Act in the fourth quarter of 2026 as part of measures to strengthen tax compliance and improve monitoring of business transactions across the country.
GRA Commissioner-General Anthony Kwasi Sarpong said the implementation will require businesses to use government-approved fiscal and accounting devices for their transactions.
According to him, the initiative is designed to give the GRA better visibility over business transactions and strengthen the monitoring of taxable activities.
The new system will also help the tax authority verify transactions and ensure that businesses accurately account for their Value Added Tax (VAT) obligations.
The implementation of the Fiscal and Accounting Devices Act forms part of broader efforts by the government to improve domestic revenue mobilisation, tax administration and compliance.
The GRA expects the use of approved devices to enhance the accuracy of transaction records, reduce tax reporting challenges and support more effective VAT collection in Ghana.
Businesses will therefore be required to prepare for the implementation as the GRA moves towards greater use of technology in tax collection and revenue monitoring.
The move is expected to contribute to improved tax transparency and strengthen Ghana’s efforts to mobilise revenue needed to support economic development and public services.
Source: newsthemegh.com