- Ghana will implement major VAT reforms starting January 1, 2026, under the Value Added Tax Act, 2025.
- The VAT registration threshold for goods dealers will rise from GH¢200,000 to GH¢750,000, exempting many small businesses from VAT compliance.
- The VAT rate will be reduced to 20%, and the COVID-19 Health Recovery Levy will be abolished.
- NHIL and GETFund levies will be integrated into the VAT system, allowing businesses to claim input tax credits and reducing cascading tax effects.
- The VAT Flat Rate Scheme will be discontinued, requiring all VAT-registered businesses to follow a unified VAT structure, which has raised concerns among traders.
Source: newsghana.com.gh
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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