The Ghana Revenue Authority (GRA) is the government body mandated to collect and assess taxes. It enforces the provisions of the tax acts and serves as the first arbiter between parties in the event of a dispute. The Ministry of Finance and Economic Planning is responsible for overseeing the GRA.
This chapter examines the tax system of Ghana, including value-added tax, double taxation...
The government of President Nana Akufo-Addo assumed power on a promise to take “Ghana Beyond Aid”, and is pushing ahead with initiatives to formalise the economy, diversify its manufacturing base and overhaul its taxation structure. Ghana’s ability to retain fiscal discipline will be tested, with election-related expenditure expected to increase in the run-up to the 2020 poll.
Tax compliance is central to the government’s agenda in 2019. The minister of finance indicated in the 2019 budget that the government would focus its revenue mobilisation efforts on reforming revenue institutions, intensifying compliance measures and broadening the tax net. However, we must work towards ensuring that compliance is less...
From 2014 to 2016 the administration made significant changes to the tax regime. Most of the tax laws were either revised or replaced with new legislation. Having made significant changes to tax laws during that period, the government is now focusing on widening the tax net to capture revenue from individuals and businesses operating in the...
The tax system underwent several significant changes in 2018, and the government budget for 2019 seeks to consolidate and make additions to those changes, with its agenda focused on compliance. The key updates to the tax codes in 2019 will be as follows:
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