Kofi Ahovi

  Finance Minister Dr. Cassiel Ato Forson has defended the government's sweeping tax reforms, saying the abolition of several taxes has strengthened investor confidence, supported businesses and households, and increased domestic revenue through improved compliance rather than higher tax rates. Presenting the 2026 Mid-Year Budget Review to Parliament on Thursday, July 23, 2026, Dr. Forson said the modernisation of Ghana's tax regime formed the second pillar of the government's Key Transformational Policy Reforms (KTPs), aimed at resetting the economy for growth, job creation and economic transformation. He explained that the reforms were designed to restore investor confidence, revive private enterprise, provide relief to households and businesses, and improve domestic revenue mobilisation through better tax policy and administration. As part of the reforms, the government abolished what it described as "nuisance taxes," including the Electronic Transfer Levy (E-L...

  The Head of the Ghana Revenue Authority’s (GRA) International Tax Office, Nana Mensah Otoo Esq., says the GRA is set to fully digitalise the application process for taxpayers and multinational companies seeking treaty benefits, a move aimed at improving efficiency and accessibility. Speaking during a UK-Ghana Chamber of Commerce (UKGCC) and PwC Ghana webinar on “Double Taxation Agreements (DTAs) & International Tax Cooperation: what multinationals need to know”, Otoo disclosed that the move has significant implications for businesses operating across borders. By streamlining applications, the GRA aims to lower compliance costs, improve certainty in tax treatment, and enhance access to treaty benefits for qualifying taxpayers. Otoo noted that at present, verification processes, including confirmation of tax residency certificates with treaty partners, can extend processing periods.  A major challenge is that most taxpayers fail to submit critical contract details. They al...

  The government's move to remove the COVID-19 levy from the country’s tax laws has received a massive endorsement from the International Monetary Fund (IMF), following engagement with the government. This gives the government the goodwill to proceed with the move, which is likely to feature in the mid-year budget review by the Finance Minister, Dr. Casel Ato Forson, on Thursday, July 24, 2025. According to the Ghana Revenue Authority, several engagements on the new tax reform have progressed steadily as the local business community agrees with the IMF on some of the initiatives. Speaking to Joy Business, Commissioner of Domestic Tax Revenue Division at the Ghana Revenue Authority, Edward Apenteng Gyamera, disclosed that stakeholders agreed on the removal of the COVID-19 levy as well as other tax handles hampering business growth. The Commissioner was speaking at one of the stakeholder engagements on the proposed tax reforms in Accra, where many of the business associations express...