• About Us
  • Privacy Policy
  • Terms of Use
  • Breaking News
  • Explainers
  • Listen Live
Friday, July 24, 2026
Citinewsroom - Comprehensive News in Ghana
Advertisement
  • Home
  • News
    • Regional News
      • Ahafo Region
      • Ashanti Region
      • Bono East Region
      • Bono Region
      • Central Region
      • Eastern Region
      • Greater Accra Region
      • Northern Region
      • North East Region
      • Oti Region
      • Savanna Region
      • Upper East Region
      • Upper West Region
      • Volta Region
      • Western Region
      • Western North Region
  • Sports
    • World Cup
  • Politics
  • Business
  • Entertainment
  • Articles
  • Explainers
  • Editorials
No Result
View All Result
Citinewsroom - Comprehensive News in Ghana
  • Home
  • News
    • Regional News
      • Ahafo Region
      • Ashanti Region
      • Bono East Region
      • Bono Region
      • Central Region
      • Eastern Region
      • Greater Accra Region
      • Northern Region
      • North East Region
      • Oti Region
      • Savanna Region
      • Upper East Region
      • Upper West Region
      • Volta Region
      • Western Region
      • Western North Region
  • Sports
    • World Cup
  • Politics
  • Business
  • Entertainment
  • Articles
  • Explainers
  • Editorials
No Result
View All Result
Citinewsroom - Comprehensive News in Ghana
No Result
View All Result

Digital VAT system to generate GH¢2.3bn in first year – Ato Forson

Patricia BoakyebyPatricia Boakye
July 23, 2026
Reading Time: 1 min read
ShareShareShareShare

Finance Minister Dr. Cassiel Ato Forson has disclosed that government’s new digital system for collecting Value Added Tax (VAT) from non-resident platforms is expected to generate about GH¢2.3 billion in its first full year of operation.

According to him, the technology-driven reform is part of broader efforts to modernise revenue administration, improve tax compliance and expand Ghana’s revenue base.

Presenting the 2026 Mid-Year Budget Review in Parliament on Thursday, July 23, Ato Forson said the cross-border technology solution for collecting VAT from non-resident platforms was successfully piloted in April 2026.

“The pilot confirmed that the system is functional, stable, secure and compliant with regulatory requirements,” he told Parliament.

Dr. Forson said government is currently taking steps to secure the necessary regulatory approvals to enable the full deployment of the system across the country.

He added that revenue generated from the initiative is expected to grow by approximately 20% annually after its first year of implementation.

The Finance Minister noted that leveraging technology in tax administration is a key component of government’s strategy to improve compliance and mobilise more domestic revenue without relying solely on increases in tax rates.

Tags: Ato ForsonbudgetGhana NewsheadlineMid Year BudgetParliamentVAT
ShareTweetSendSend
Previous Post

Government introduces VAT reward scheme to boost tax compliance

Next Post

IMF Board to consider final review of Ghana’s ECF programme next week

Related Posts

University of Ghana management with some of the graduates
Education

University of Ghana urges graduates to harness AI for national development

July 24, 2026
Archbishop of Canterbury, Sarah Mullally [seated] -Photo credit Neil Turner / Lambeth Palace
Featured

Archbishop of Canterbury to visit Ghana, Cameroon

July 24, 2026
Featured

Flood taskforce begins dredging, demolition across Accra

July 24, 2026
Featured

Service personnel give NASPA two weeks to refund GH¢60 deductions

July 24, 2026
Gyasehene of the Apinto Divisional Council, Dr. Nana Adarkwa Bediako III
Featured

Tarkwa Mine lease: Apinto chiefs push for Ghanaian ownership, community participation

July 24, 2026
Business

BoG may cut policy rate to 12% or 13% in September – Databank

July 24, 2026
Next Post

IMF Board to consider final review of Ghana’s ECF programme next week

ADVERTISEMENT
Citinewsroom - Comprehensive News in Ghana

CitiNewsroom.com is Ghana's leading news website that delivers high quality innovative, alternative news that challenges the status quo.

Archives

Download App

Download

Download

  • About Us
  • Privacy Policy
  • Terms of Use
  • Breaking News
  • Explainers
  • Listen Live

© 2024 All Rights Reserved Citi Newsroom.

No Result
View All Result
  • Home
  • News
    • Regional News
      • Ahafo Region
      • Ashanti Region
      • Bono East Region
      • Bono Region
      • Central Region
      • Eastern Region
      • Greater Accra Region
      • Northern Region
      • North East Region
      • Oti Region
      • Savanna Region
      • Upper East Region
      • Upper West Region
      • Volta Region
      • Western Region
      • Western North Region
  • Sports
    • World Cup
  • Politics
  • Business
  • Entertainment
  • Articles
  • Explainers
  • Editorials

© 2024 All Rights Reserved Citi Newsroom.