Anthony Sarpong, Commissioner-General of the Ghana Revenue Authority
The Ghana Revenue Authority (GRA) has set a revenue target of GH¢225 billion for 2026, following the implementation of key Value Added Tax (VAT) reforms.
Speaking to journalists after appearing before the Public Accounts Committee of Parliament on Monday, January 12, 2026, in Accra, Commissioner-General Anthony Sarpong explained that under the new measures, businesses dealing in goods are now required to register for VAT only when their annual turnover reaches GH¢750,000, up from the previous threshold of GH¢200,000.
“We project GH¢225 billion, and at GRA, this is our core mandate. From the beginning of this year, we are working effectively to ensure we deliver on revenue mobilisation,” he said.
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Sarpong continued, “We believe that revenue mobilisation is the lifeblood of our national development, without which the vision of the President will not be achieved.”
He added that the reforms also allow input tax credits on NHIL and GETFund levies, reduce the effective VAT rate to 20%, and abolish the VAT Flat Rate Scheme.
MA
Source:
www.ghanaweb.com