<< Back             Poser >> VAT reforms to lower prices, boost compliance – Ghana Revenue Authority  The Ghana Revenue Authority (GRA) has said that comprehensive reforms to the Value Added Tax (VAT) regime are expected to lower prices, improve compliance, and support government’s GH¢225 billion revenue target for 2026.  Mr Thomas T. K. Agorsor, Head of the Domestic Tax Revenue Division (DTRD) Free Zones Office, and Mr David Lartey Quarcoopome, Chief Revenue Officer and DTRD Projects Coordinator, of the GRA outlined the reforms at a media engagement powered by the Ghana Ports and Harbours Authority (GRA).  They explained that the new VAT Act 1151 of 2025 harmonised VAT, the GETFund levy, and the National Health Insurance Levy into a single standard rate of 20 per cent, restoring the traditional VAT structure.  According to them, the previous decoupling of levies had increased business costs, discouraged compliance, and contributed to a VAT compliance gap of about 60 per cent.  The abolition of the COVID-19 levy, recoupling of levies, and higher VAT registration threshold are expected to ease the cost of doing business and stabilise prices for consumers.  The officials said small businesses below the new threshold would be transitioned to the Modified Tax Scheme, while medium and large businesses would benefit from input tax credits and simplified compliance.  They added that enhanced taxpayer education, digital payment platforms, electronic invoicing, and targeted market outreach would support voluntary compliance.  “With certainty in the system and fairness in implementation, compliance is expected to rise, the tax gap narrows, and revenue targets to be met,” the officials said.  Source: GNA Ghana Business News	VAT reforms to lower prices, boost compliance – Ghana Revenue Authority  The Ghana Revenue Authority (GRA) has said that comprehensive reforms to the Value Added Tax (VAT) regime are expected to lower prices, improve compliance, and support government’s GH¢225 billion revenue target for 2026. FINANCIAL INCLUSION: Nigeria still behind target – CBN By Elizabeth Adegbesan The Central Bank of Nigeria, CBN, has said 74 percent of Nigerians have been covered under its financial inclusion program as at first half of 2025 (H1’25). Disclosing this in its latest Financial Stability Report, the apex bank stated: ‘‘At end-June 2025, the percentage of financially included Nigerians stood at 74 per cent.” The […] Bank customers’ complaints grow by 143%, as CBN resolves 9,771 By Elizabeth Adegbesan   The Central Bank of Nigeria,  CBN,   said it resolved 9,771 out of 10,704 bank customers’ complaints in the first half of the year (H1’25). CBN disclosed this in its latest  Financial Stability Report, noting that the number of complaints received in H1’25 grew by 143.3 percent year-on-year (YoY) from 4,398 complaints in H1’24.   […] AMCON cash recoveries rise 28% to N66.1bn — CBN By Babajide Komolafe The Asset Management Corporation of Nigeria, AMCON, recorded a 27.87 per cent increase in cash recoveries to N66.12 billion in the first half of 2025, H1’25 from N51.71 billion at end-December 2024. The Central Bank of Nigeria, CBN disclosed this in its Financial Stability Report for H1’25 noting that the stronger recovery performance […] Nigeria records 14% rise in exports to Africa …As fuel tops export list By Emma Ujah, with agency reports Nigeria’s exports to Africa reached N4.82 trillion in the first half of 2025, up 14% year-on-year compared to N4.21 trillion in the first half of 2024. West Africa absorbed over 62% of Nigeria’s continental exports. Bashir Adewale Adeniyi, Comptroller General of the Nigeria Customs Service, […] Nigeria’s money supply grows to N124.4trn Currency in circulation hits N5.4trn lCredit to govt rises 29% By Elizabeth Adegbesan Nigeria’s Money Supply (M²) grew by 1.2 percent month-on-month (MoM) to N124.4 trillion in December 2025, from N122.9 trillion the previous month.  This is contained in Central Bank of Nigeria, CBN,  Money and Credit Statistics released over the weekend. The data indicated that […]