The Ghana Revenue Authority (GRA) has announced that it is on track to finalise proposed reforms to the country’s Value Added Tax (VAT) system by September 2025.

These reforms, which aim to resolve longstanding inefficiencies and complexities in the VAT structure, are expected to be integrated into the government’s 2026 economic policy and national budget.

Speaking after a stakeholder engagement session in Accra, Commissioner of Domestic Tax Revenue at the GRA, Edward Apenteng Gyamera, said the authority is currently conducting nationwide consultations to gather input from key industry players, including businesses and trade associations.

“This is part of the process to incorporate feedback from all relevant stakeholders on the upcoming VAT reform being led by the Ministry of Finance,” Mr. Gyamera explained.

“We have four engagements scheduled in Accra, with additional sessions planned in Kumasi, Takoradi, and Tamale before the final draft is released in the coming weeks.”

He clarified that the reforms are still at the proposal stage and no final decisions have been made yet.

The VAT reform process was initiated by the Ministry of Finance in response to growing concerns over distortions in the system, which has largely remained unchanged for over a decade. The review seeks to simplify the VAT structure, improve compliance, and expand the tax base.

Mr. Gyamera emphasized that stakeholder contributions will be taken seriously, and where specific recommendations cannot be implemented, clear explanations will be given.

“Our goal is to ensure transparency and inclusiveness. If a proposal isn’t adopted, we will provide the rationale behind the decision,” he added.

The overarching objective of the reform is to significantly boost the contribution of VAT to domestic revenue—by more than 20%—as part of efforts to strengthen Ghana’s fiscal stability and economic resilience.

Earlier in the year, the International Monetary Fund (IMF) offered technical assistance to support the reform agenda. According to the GRA, the IMF’s inputs will be thoroughly reviewed as part of the final decision-making process.