GRA targets higher domestic revenue with E-VAT and AI reforms

As part of efforts to rake in more revenue for the country, the Ghana Revenue Authority is intensifying its domestic revenue mobilisation drive in line with the 2026 Budget Statement as Ghana seeks to exits its 3 billion extended facility programme from the International Monetary Fund (IMF).

According to the Acting Head of Strategy and Research at GRA, Dominic Naab, they have rolled out a number of targeted compliance and administrative reforms which are expected to strengthen the country's revenue performance and create multiple streams of income for the government.

Speaking to the media on the sidelines of the Media Foundation for West Africa's Tax Dialogue, Naab noted that the E-VAT system announced by the government during the 2026 Budget presentation would help the authority monitor and track real time happenings.

“We have instituted a lot of measures. If you look at the budget that was read, for example, you have the E-VAT that is using electronic means to generate VAT invoices. It means, therefore, that if we are able to do it very well, we are likely to make so much revenue.

"The finance minister also mentioned using Artificial Intelligence especially in port operations to make sure the gaps are identified and he also mentioned some declaration defects and all those things will be corrected," he said.

Complex Tax Processes, Low Morale: GRA moves to fill gaps in Ghana's tax system

He added that the introduction of this system would go a long way to help the authority raise the needed revenue for the government.

“It is our hope that when these measures are put in place, we should be able to raise the revenue to help us develop our country. We are also aware there is fatigue internationally so we can’t get revenue from anywhere, so, we just need to generate revenue here," he noted.

Ghana, in May 2023, secured $3 billion ECF arrangement with the IMF to help manage the country's debt crisis, stabilise the economy, and implement structural reforms.

SP/AE

All you need to know about Ghana's new vehicle number plates |BizTech: