HomeNewsBanking and FinanceGovernment to introduce electronic VAT as measure to raise revenue

Government to introduce electronic VAT as measure to raise revenue

  • July 28, 2022
  • Posted by: Amos Ekow Coffie
  • Categories: Banking and Finance, Economics
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Government will introduce electronic VAT (E-VAT) as some measures to increase revenue generation.  

As contained in the mid-year budget statement presented to Parliament yesterday, July 25th, 2022, the Finance Minister, Ken Ofori-Atta said the Ghana Revenue Authority, GRA is finalizing all relevant processes to that effect.

The includes a proposed amendment of the VAT Act that will enable the electronic collection from 1st October, this year.

Source: GBC news