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Ghana Revenue Authority

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Ahafo

Ghana’s E-VAT System: Over 3,000 Businesses Onboarded, 5,000 More Set to Join

Ghana is embracing digital transformation in its tax administration through the implementation of the E-VAT system. This electronic invoicing platform is designed to enhance transparency, improve compliance, and streamline the Value Added Tax (VAT) collection process. As of May 2024, over 3,000 businesses have been successfully integrated into the E-VAT system, with an additional 5,000 preparing for onboarding. Understanding the E-VAT System The E-VAT system is an electronic means of issuing VAT receipts, applicable to both the VAT Flat Rate and Standard Rate Schemes. It is not a new tax but an improvement on how VAT transactions are invoiced. The system comes in two forms: an all-round e-invoicing system installed free of charge for businesses without one, and another that integrates with existing invoicing systems. Progress and Expansion The rollout of the E-VAT system is being conducted in phases Pilot […]

Ahmad June 2, 2025

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Ahafo

SML Ghana Reaffirms Commitment to Close Revenue Leakage Gaps

Strategic Mobilisation Ghana Ltd. (SML) has once again demonstrated its unwavering commitment to closing revenue leakage gaps in Ghana's extractive industries. During its fifth-anniversary celebration in Tema, SML Ghana reaffirmed its dedication to enhancing transparency and boosting government revenue through innovative monitoring systems. SML Ghana's Impact on Revenue Assurance Since its inception in 2018 under a subcontract from the Ghana Revenue Authority (GRA), SML Ghana has played a pivotal role in closing revenue leakage gaps within the petroleum sector. By deploying real-time monitoring systems, the company has significantly improved the accuracy of revenue tracking and reduced discrepancies. SML Ghana's efforts have not gone unnoticed. The Executive Secretary of the Chamber of Petroleum Consumers (COPEC), Duncan Amoah, lauded the company for its instrumental role in minimizing revenue leakages and improving overall transparency in the petroleum sector. Expansion into Upstream and Solid […]

Ahmad May 14, 2025

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Finance

See the members of the new GRA board

The Minister for Finance, Dr Cassiel Ato Forson, has inaugurated a new board for the Ghana Revenue Authority (GRA), describing the occasion as a defining moment in Ghana’s quest for revenue transformation and integrity in public finance management. Speaking at the inauguration ceremony, Dr Forson underlined the vital role of the GRA in the country’s economic development, noting that the success of government policies is heavily reliant on the authority’s ability to mobilise revenue efficiently.  He urged the newly constituted board to approach their responsibilities with a strong sense of integrity, purpose, and accountability, as the nation seeks to strengthen domestic revenue mobilisation to support public expenditure. “This is a defining moment for revenue excellence in our country,” the Minister remarked. “It is time to look within and raise domestic revenue to anchor our government’s spending. We must work with […]

Ahmad April 30, 2025

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Greater Accra

GRA Denies Freezing Accounts of Bills Micro Credit Founder

The Ghana Revenue Authority (GRA) has refuted claims circulating on social media that it has frozen the bank accounts of Richard Nii Armah Quaye, the founder of Bills Micro Credit Ltd.In an official statement, the GRA clarified that while a personal income tax assessment has been issued against Mr. Quaye, no enforcement action—such as freezing accounts—has been taken. The authority emphasized that its tax collection process follows a structured approach, starting with engaging taxpayers and requesting voluntary income declarations. If a taxpayer fails to comply, the GRA then conducts an assessment based on available financial data. Only when a taxpayer refuses to cooperate does the authority consider enforcement actions.The GRA urged the public to disregard the false reports and encouraged all eligible taxpayers to meet their obligations to avoid penalties and legal consequences. It reiterated its commitment to fairness, integrity, […]

Muhammad Saminu March 29, 2025

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General

Brigadier General Ashong Annan Appointed Commissioner of Customs

President John Dramani Mahama has appointed Brigadier General Glover Ashong Annan as the new Commissioner of the Customs Division of the Ghana Revenue Authority (GRA). The announcement was made on Sunday, March 23, 2025, through a statement signed by Felix Kwakye Ofosu, the President’s spokesperson.Brig. Gen. Annan, a highly respected and seasoned officer in the Ghana Army, will be responsible for revitalizing the Customs Division and supporting the GRA in achieving its revenue targets. This appointment is part of the government's broader efforts to stabilize and strengthen the country's economy.Before his new role, Brig. Gen. Annan served as the Presidential Security Coordinator, bringing valuable experience in both security and administration. President Mahama also expressed gratitude to the outgoing Commissioner, Brigadier General Ziblim Ayorrogo, for his dedicated service to the nation.This appointment is seen as a key step in ensuring the […]

Edem 4Style March 24, 2025

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