Ghana targets GH¢310 billion in tax revenue by 2028

Ghana is implementing significant tax reforms aimed at increasing domestic revenue and improving compliance. At the 14th Annual International Tax Conference in Accra, Vice President Naana Jane Opoku-Agyemang emphasized the need for a simpler, fairer tax system to encourage voluntary compliance. She noted that the government is reforming the system to reduce the burden on households and businesses while utilizing technology and data to improve administration.

Key reforms include changes to the Value Added Tax (VAT) system through the Value Added Tax Act, 2025, and improved taxation of cross-border digital transactions. The Vice President also highlighted efforts to integrate the informal sector into the tax system and called on the Ghana Revenue Authority (GRA) to enhance taxpayer education and service delivery.

To support these efforts, the GRA has set an ambitious target to double its tax revenue from GH¢155 billion in 2024 to GH¢310 billion by 2028. GRA Commissioner-General Anthony Kwasi Sarpong stated that the authority aims to achieve this through a medium-term strategy focused on broadening the tax base and eliminating revenue leakages without introducing new tax rates. The roadmap projects annual revenue increases, reaching approximately GH¢225 billion in 2026 and GH¢260 billion in 2027.