By Edward Dankwah, GNA
Accra, March 31, GNA- Madam Elsie Appau-Klu, the Technical Advisor to the Commissioner-General, has said the Ghana Revenue Authority (GRA) is reshaping the country’s tax environment to support and accelerate investment.
She highlighted the GRA’s efforts to create a conducive business environment, citing key reforms, incentives, and technology-driven initiatives.
Madam Appau-Klu was speaking at the GNBCC Business Breakfast Meeting in Accra.
Madam Appau-Klu emphasised the importance of Ghana’s long-standing bilateral relationship with the Netherlands, noting that over 100 Dutch-affiliated companies operate in Ghana, contributing to job creation, export growth, and knowledge transfer.
She said the GRA had introduced several tax incentives, including a unified VAT rate of 15 per cent and a 5 per cent annual tax credit on qualifying capital expenditure for up to five years.
The Technical Advisor said the Authority was also leveraging technology to enhance tax administration, with initiatives such as the Integrated Tax Administration System (ITAS) and the Sentinel system aimed at improving the collection of taxes on digital transactions.
Madam Appau-Klu urged businesses to ensure voluntary compliance, issue proper VAT invoices, and accurate tax declarations, emphasizing that the GRA would enforce tax laws fairly and consistently.
“The GRA’s efforts aim to improve Ghana’s investment climate, drive growth, and create jobs. As the country seeks to attract and retain investments, the GRA’s initiatives are expected to play a crucial role in shaping Ghana’s economic future,” she added.
She said the Authority’s focus on transparency and accountability is expected to boost investor confidence, making Ghana a more attractive destination for foreign investment.
She said the reforms were also expected to enhance the country’s revenue mobilization efforts, enabling the government to invest in critical infrastructure and social programs.
“With the GRA’s commitment to creating a business-friendly environment, Ghana is poised to become a hub for investment in West Africa,” she said.
The Technical Advisor said the establishment of the Independent Tax Appeals Board was another significant step towards improving the country’s tax dispute resolution mechanism, providing a more structured and reliable platform for resolving tax disputes.
GNA
Edited by Benjamin Mensah