{
  "id": 353270,
  "title": "Korea-backed plan seeks to broaden Ghana’s tax base",
  "url": "https://urgent.news/2026/08/09/korea-backed-plan-seeks-to-broaden-ghanas-tax-base",
  "topic": "tech",
  "section": "Tech",
  "published": "2026-08-09T05:53:18.000Z",
  "source": {
    "name": "Ghana Business News",
    "slug": "ghana-business-news",
    "url": "https://www.ghanabusinessnews.com/2026/08/09/korea-backed-plan-seeks-to-broaden-ghanas-tax-base/"
  },
  "original_language": "en",
  "account": "Ghana has received a Master Plan for Tax Modernisation, developed with the support of the Korea International Cooperation Agency (KOICA), aimed at broadening the tax base, strengthening domestic revenue mobilisation, and improving tax compliance. The plan, handed over to the Ministry of Finance in Accra, seeks to digitise tax administration, enhance public financial management, and simplify procedures for taxpayers. Mr. Park Kyongsig, Ambassador of the Republic of Korea to Ghana, affirmed Korea's commitment to Ghana's public finance reforms during the handover. The plan proposes practical measures to expand the tax base, improve tax compliance, increase administrative efficiency, and strengthen fiscal sustainability by drawing on Korea's development experience. It emphasizes bringing the informal sector into the tax net, revising income tax and Value Added Tax (VAT) policies, digitising tax administration, and developing a data-driven intelligent tax system. Ambassador Park highlighted how Korea's economic success illustrates the importance of modern and transparent tax administration in sustainable growth. The plan, co-developed with the Korea Institute of Public Finance (KIPF), aims to provide a strategic framework for future tax reforms, support revenue mobilisation, and sustain fiscal growth. Deputy Minister for Finance, Mr. Thomas Nyarko Ampem, welcomed the completion of the Master Plan, expressing gratitude to the Republic of Korea for its ongoing partnership in strengthening Ghana's tax administration and public financial management.",
  "summary": "Ghana has received a Master Plan for Tax Modernisation aimed at broadening the tax base and strengthening domestic revenue mobilisation. The post Korea-backed plan seeks to broaden Ghana’s tax base appeared first on Ghana Business News .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}