A joint report by Ghana’s Ministry of Finance and the Institute for Fiscal Studies reviewed Ghana’s VAT system, analyzing its design, administration, and revenue trends using international practices and tax data, revealing challenges like non-compliance and a disconnect between economic growth and VAT revenue. The report, which found Ghana’s VAT system to be progressive, has significantly influenced Ghanaian tax policymaking, guiding the Medium-Term Revenue Strategy, and prompting the government to consider policy and administrative reforms.
Source: regfollower.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
