Business News of Tuesday, 3 February 2026Source: www.ghanaweb.comIn a bid to encourage voluntary compliance with Value Added Tax (VAT) and boost revenue mobilisation, the Ghana Revenue Authority (GRA) has inaugurated a National VAT Compliance and Enforcement Team to strengthen VAT compliance among businesses and individuals. According to the Authority, Ghana’s VAT gap currently stands at 60 percent, significantly undermining the GRA’s efforts to achieve full tax compliance. President John Dramani Mahama, in April 2025, assented to the Value Added Tax (VAT) Amendment Bill, 2025, with implementation scheduled for January 1, 2026. GRA reiterates commitment to close tax gapsHe added that the GRA seeks to achieve over 90 percent tax compliance in 2026 to further boost revenue generation and align with the President’s Reset Agenda vision. “Whatever issues have existed in terms of VAT compliance in the past, whether preventing businesses from registering, charging, or remitting, let them remain in the past.

Source: GhanaWeb February 03, 2026 17:09 UTC