Ghana Collects Only 40% of VAT Potential, Says GRA Commissioner-General

• Ghana currently collects only about 40% of its VAT potential, leaving 60% uncollected due to non-compliance and inefficiencies.
• The GRA aims to address this gap through improved compliance and enhanced revenue collection strategies.
• The GRA has been tasked with raising GH¢230 billion in revenue for 2026, an ambitious but necessary target.
• The Commissioner-General is confident that with a renewed focus on compliance and performance, VAT collection can be significantly improved to support national development.

Source: citinewsroom.com

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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