The Ghana Revenue Authority (GRA) will implement the Fiscal and Accounting Devices Act in the last quarter of 2026. This action aims to significantly improve Value Added Tax (VAT) compliance and enhance the monitoring of business transactions across Ghana.
Commissioner-General Anthony Kwasi Sarpong confirmed the rollout, stating that government-approved devices will become mandatory for businesses. The new system will allow the GRA to track transactions more effectively. This will ensure businesses properly account for their VAT obligations, fostering a level playing field for all economic actors.
This initiative forms a crucial part of Ghana's broader economic strategy to bolster domestic revenue mobilization. The government faces persistent fiscal challenges, making robust tax collection essential for funding public services and reducing reliance on borrowing. Previous data indicated a significant gap in tax compliance, with many businesses not fully meeting their obligations. The GRA's move aligns with global trends in tax administration, where digital tools are increasingly used to improve efficiency and transparency.
Commissioner-General Sarpong highlighted the urgency of these reforms. He noted that Parliament approved the Fiscal and Accounting Devices Act in July 2026. Speaking at the AGI 2026 Industrial and Exhibition Summit, Mr. Sarpong emphasized the devices' role in creating a fairer and more predictable tax environment. He stated, “Therefore, from GRA's point of view, in the last quarter of this year, we are going to implement what we call the Fiscal and Accounting Devices Act.”
The implementation carries significant implications for businesses and the national economy. Businesses must adapt to the new technology and integrate the devices into their daily operations. This could initially present compliance costs and operational adjustments for some enterprises. However, the long-term goal is to reduce tax evasion and increase the national tax base. Increased tax revenue can support critical infrastructure projects, social programs, and debt servicing. The GRA also plans to reduce human intervention in tax processes, aiming for greater efficiency and transparency. This digitization drive includes the Integrated Tax Administration System, which Mr. Sarpong described as a “game-changer” for taxpayer interaction.
The GRA's focus on these devices comes as the Authority intensifies efforts to tackle widespread tax non-compliance. Mr. Sarpong previously raised concerns that approximately six out of every ten businesses do not comply with their tax obligations. This represents a substantial loss of potential revenue for the state. The new system seeks to close this gap, ensuring that businesses accurately declare their sales and remit the correct VAT amounts. This will help create a more equitable competitive landscape where compliant businesses are not disadvantaged by those evading taxes. The success of this rollout will be critical for Ghana's fiscal health and its ability to achieve sustainable economic growth.