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Closing 67% tax gap crucial for fiscal independence – GRA
['Juliet Etefe']
The Business & Financial Times
Dr. Yamborigya highlighted recent reforms under the VAT Act 1151, which came into effect on 1 January 2026.
On nationwide compliance, Dr. Yamborigya said GRA is rolling out a three-year tax education programme targetting both registered and unregistered businesses to increase awareness of tax obligations, rights and benefits.
ReviewThe Commissioner also outlined plans to review Ghana’s domestic tax laws this year, including the Income Tax Act 896, Excise Tax Act and Customs Act, to modernise the framework and simplify compliance for businesses.
He maintained that sustained enforcement, digital integration and taxpayer education will be key to narrowing the tax gap and strengthening Ghana’s revenue base.
Compliance advantageFor his part, Ronald N. Bwosi – Group Managing Partner of Ronalds LLP – said tax compliance should be viewed as a strategic competitive advantage rather than a regulatory burden.