The Ghana Revenue Authority (GRA) has set an ambitious revenue target of GH₵225 billion for 2026, underpinned by wide-ranging VAT reforms aimed at improving compliance and broadening the tax base.
Under the new measures, businesses trading in goods will only be required to register for VAT when their annual turnover reaches GH₵750,000, up from the previous GH₵200,000 threshold. The reforms also de-couple the National Health Insurance Levy (NHIL) and GETFund levy for input tax claims, reduce the standard VAT rate to 20 per cent, and abolish the VAT Flat Rate Scheme.
Speaking to journalists after appearing before Parliament’s Public Accounts Committee on Monday, January 12, 2026, GRA Commissioner-General Anthony Sarpong stressed the Authority’s commitment to boosting domestic revenue mobilisation.
“We project GH₵225 billion, and at GRA, this is our core mandate. From the beginning of this year, we are working effectively to deliver on revenue mobilisation. Revenue is the lifeblood of national development, without which the President’s vision cannot be achieved,” he said.
Mr Sarpong explained that the reforms aim to simplify the VAT system, ease the compliance burden on smaller businesses, and strengthen enforcement to ensure eligible taxpayers meet their obligations. The GRA believes the new framework will enhance efficiency within the tax system and provide the resources needed to support the government’s development agenda.
