The Ghana Revenue Authority is enhancing its domestic revenue mobilisation efforts in accordance with the strategies outlined in the 2026 Budget, as the nation prepares to exit its IMF program next year.
Dominic Naab, the Acting Head of Strategy and Research at the Authority, remarked that the GRA has implemented several targeted compliance and administrative reforms which, if carried out effectively, are anticipated to bolster revenue performance and provide the government with a more dependable source of funds to support developmental priorities.
He addressed the media during the Media Foundation for West Africa’s Tax Dialogue.
“We have introduced numerous measures. For instance, if you examine the budget that was presented, you will find the E-VAT system that utilises electronic methods to generate VAT invoices.
This will enable the GRA to monitor activities in real-time. Consequently, if we execute this effectively, we are likely to generate substantial revenue. The [Finance] Minister also highlighted the use of artificial intelligence, particularly in port operations, to identify gaps, and he mentioned that certain declaration defects and other issues will be rectified.
“We hope that once these measures are implemented, we will be able to increase revenue to aid in the development of our country. We are also cognizant of the international fatigue, which limits our ability to generate revenue from external sources, thus necessitating the need to generate revenue domestically.
The reality is that there are individuals who are earning income, but since they are not on our radar, we are unable to tax them,” he stated.
As Ghana approaches the conclusion of its IMF-supported program, tax analysts assert that the success of domestic revenue initiatives will be vital in assessing the country’s fiscal resilience beyond 2026.
