• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

GRA Targets September 2025 Completion for VAT Reforms Ahead of 2026 Budget Implementation

3 months ago
in Business, Economy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
53
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

GRA Targets September 2025 Completion for VAT Reforms Ahead of 2026 Budget Implementation

The Ghana Revenue Authority (GRA) has announced that work on the proposed Value Added Tax (VAT) reforms is progressing steadily and is expected to be concluded by September 2025. The reforms are scheduled for full implementation in the government’s 2026 economic policy and budget.

Commissioner of Domestic Revenue at the GRA, Edward Apenteng Gyamera, disclosed this to Joy Business after a stakeholder engagement session with traders and business associations in Accra. The meeting forms part of a nationwide consultation process to solicit input from various economic actors affected by the VAT regime.

The Ministry of Finance initiated the VAT review after identifying distortions in the payment processes that have persisted since the tax’s implementation over a decade ago. The planned reforms are aimed at broadening the tax base and enhancing revenue mobilisation, with expectations that VAT contributions to domestic revenue will increase by more than 20%.

“This is part of the process to get every stakeholder’s input on the upcoming VAT reform by the Ministry of Finance,” Mr. Gyamera explained. “In all, we have four engagements in Accra and others in Kumasi, Takoradi, and Tamale before releasing the final draft in the next few weeks. We should also bear in mind that these are just proposals and not final decisions.”

He assured participants that most of their inputs would be considered in shaping the final policy, while the GRA would provide clear explanations for suggestions that may not be adopted.

The reform process has also attracted the attention of Ghana’s development partners, including the International Monetary Fund (IMF). Earlier this year, IMF officials held discussions with the Ministry of Finance to offer technical insights into the planned overhaul.

RelatedPosts

10 Most Indebted Countries as Global Debt Soars to $150 Trillion

WAFU B U17 BOYS: Black Starlets Ease Past Nigeria to Book U17 AFCON Ticket

UEFA Champions League: Galatasaray Shocks Liverpool, Mbappé bags Hat-trick as Real Madrid Run Riot

According to the GRA, the IMF’s recommendations will be carefully evaluated before any final decisions are made.

The VAT reforms form part of broader government efforts to strengthen domestic revenue mobilisation, a key pillar in Ghana’s ongoing economic recovery and fiscal consolidation programme.

Tags: GRA Targets September 2025 Completion for VAT Reforms Ahead of 2026 Budget Implementation

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Highlights

Finance Minister Strikes Upbeat Tone About Economy as IMF Begins Fifth Programme Review

Everything You Need to Know About CAF’s Ordinary General Assembly – Kinshasa 2025

Sinner Storms into Beijing Final as Gauff Battles Past Bencic

Alcaraz Triumphs Over Fritz in Tokyo, Secures Eighth Title of the Season

Africa’s Borrowing Costs are too High: The G20’s Missed Opportunity to Reform Rating Agencies

One in Two Nigerians Live in Poverty: Why Relief Programmes Have Failed

Trending

Business

10 Most Indebted Countries as Global Debt Soars to $150 Trillion

October 1, 2025

10 Most Indebted Countries as Global Debt Soars to $150 Trillion The world’s 10 most indebted countries...

WAFU B U17 BOYS: Black Starlets Ease Past Nigeria to Book U17 AFCON Ticket

October 1, 2025

UEFA Champions League: Galatasaray Shocks Liverpool, Mbappé bags Hat-trick as Real Madrid Run Riot

October 1, 2025

Finance Minister Strikes Upbeat Tone About Economy as IMF Begins Fifth Programme Review

September 30, 2025

Everything You Need to Know About CAF’s Ordinary General Assembly – Kinshasa 2025

September 30, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.