Ghana’s Investment Outlook Strengthens

Ghana’s economic outlook is expected to improve, driven by increased investment flows, according to EM Advisory’s report. The report highlights the need for policy stability to foster business confidence and encourage long-term growth in productive assets. The report emphasizes the importance of a compact between government and the private sector to reduce uncertainty and strengthen investment prospects.

The GEA is advocating for a policy agreement to address VAT bottlenecks, aiming to streamline the process and reduce delays. This initiative seeks to bolster investment flows and encourage long-term growth within Ghana’s economy. The agreement focuses on creating a more predictable tax environment for businesses, ultimately supporting investment.

The GRA has identified a significant number of non-resident digital service providers, requiring enhanced compliance with VAT regulations. This action underscores the GRA’s commitment to effectively manage VAT collection and ensure compliance across the digital sector. The GRA’s efforts are designed to widen the scope of VAT collection, strengthening tax revenue for the government.