The Commissioner-General of the Ghana Revenue Authority (GRA), Anthony Kwasi Sarpong, says the business community has welcomed the government’s new VAT reforms, describing the measures as a major relief for enterprises across the country.
Speaking on Asempa FM’s Ekosii Sen show, Mr. Sarpong said the reforms, which are currently before Parliament, are expected to be approved before the end of the year to enable implementation in early 2026.
He noted that the proposed changes address long-standing concerns raised by businesses, particularly small and medium-scale enterprises.
Under the new structure, he explained, only businesses with an annual income of GH¢200,000 will be required to pay VAT, while the approved VAT rate will apply to those earning GH¢750,000 and above.
Mr. Sarpong appealed for full cooperation from stakeholders to ensure a smooth rollout once the reforms are passed into law.
“We have completed the VAT reforms, and it is currently in Parliament awaiting approval to become law. We hope that Parliament will approve it by the end of this year so that we can start rolling it out at the beginning of next year.
“The business community is pleased with the 2026 budget, as it addresses most of our concerns. If your annual income is 200,000 cedis, you will pay VAT tax on that amount. The approved rate is for incomes of 750,000 cedis and above. This has provided some relief to small businesses. We urge everyone to cooperate for the successful implementation of the reforms,” he said.
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