Ghana Initiates Comprehensive VAT Review to Simplify System – Finance Minister Tells World Bank

Washington D.C., USA – Ghana’s Finance Minister, Dr. Mohammed Amin Adam, has disclosed that the government is embarking on a comprehensive review of the current VAT system, as part of efforts to enhance revenue mobilization and reduce the burden on businesses.

Speaking during a high-level meeting with the World Bank on the sidelines of the Spring Meetings in Washington D.C., the Minister emphasized that the review seeks to streamline VAT processes, reduce inefficiencies, and increase compliance.

“Our objective is to make VAT administration simpler and more transparent, especially for small and medium enterprises,” Dr. Amin Adam said.

The Finance Minister noted that the current VAT structure has become complex and burdensome for many taxpayers, leading to low compliance and administrative challenges. He assured that stakeholder consultations will be a key part of the process.

The World Bank lauded Ghana’s reform initiative, stressing that improving tax systems is crucial to fiscal sustainability and economic recovery.

✅ Conclusion:
The VAT review initiative is seen as a timely move by the government to boost revenue collection without overburdening taxpayers. It also aligns with Ghana’s broader strategy to modernize public finance and attract investment through a fairer tax environment.