Evaluating Ghana’s VAT System: Current Model and Future Impact of Proposed Reforms

• The article reviews the current VAT system in Ghana and explores the potential effects of proposed reforms on the economy.
• VAT has been a significant part of Ghana’s tax revenue since its introduction, despite initial resistance.
• The government aims to implement reforms to improve economic stability and revenue collection.
• Ghana’s tax-to-GDP ratio is lower than some regional and global averages.
• VAT reforms are part of broader economic strategies presented in the Mid-Year Budget Statement.

Source: myjoyonline.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.

---

---