GRA to roll out Fiscal and Accounting devices in Q4 to improve VAT compliance

The Ghana Revenue Authority (GRA) plans to launch the Fiscal and Accounting Devices Act in the fourth quarter of 2026 as part of its commitment to enhance tax compliance and monitor business activities more effectively. Commissioner-General of the GRA, Anthony Kwasi Sarpong, revealed that this new legislation will introduce government-approved devices for businesses to utilize during their transactions.

The primary aim of this initiative is to strengthen the GRA's capacity to track transactions and ensure businesses accurately account for their Value Added Tax (VAT) responsibilities. During the AGI 2026 Industrial and Exhibition Summit, Sarpong emphasized that this implementation is part of a larger set of reforms being carried out by the GRA to establish a more equitable and predictable tax system.

"Therefore, in the last quarter of this year, we are going to implement what we call the Fiscal and Accounting Devices Act, which in July, Parliament gave us an approval," Sarpong stated. The devices to be used will be government-approved and will be utilized by businesses during their transactions. This move is expected to ensure VAT compliance and create a fairer environment for all businesses.

The GRA is currently striving to curb tax evasion and expand the nation's tax base. Sarpong has previously expressed concerns about the compliance level among businesses, noting that approximately six out of every ten businesses are not adhering to their tax obligations. The new system is set to be a part of the GRA's broader digitisation agenda, which seeks to minimize human intervention, enhance efficiency, and simplify the compliance process for taxpayers.

Additionally, the Authority is implementing the Integrated Tax Administration System, which Sarpong described as a "game-changer" that will provide a more efficient and seamless interaction between the GRA and taxpayers. The GRA believes that these reforms will ultimately improve compliance while ensuring that businesses that fulfill their tax obligations can compete fairly in the market.