<< Back             Poser >> Higher VAT threshold to ease burden on small businesses – GRA  The Ghana Revenue Authority (GRA) has announced an increase in the Value Added Tax (VAT) registration threshold from GH¢200,000 to GH¢750,000 per annum.   The move aims to reduce the compliance burden on micro and small businesses operating within the informal sector.  Mr David Lartey Quarcoopome, Chief Revenue Officer of the GRA and Projects Coordinator at the Domestic Tax Revenue Division (DTRD), explained that the previous threshold had remained unchanged since 2013 and no longer reflected current economic realities.  “In real terms, that threshold had become too low, forcing very small businesses to comply with complex VAT obligations,” he noted.  He said businesses falling below the new threshold would be deregistered from VAT after verification and placed under the Modified Tax Scheme (MTS), which offers simpler compliance options.  Mr Thomas T. K. Agorsor, Head of the DTRD Free Zones Office, emphasized that VAT works best with medium to large businesses that maintain proper accounting systems.  “Data shows that over 90 per cent of VAT revenue comes from top taxpayers. Removing very small businesses from VAT does not significantly reduce revenue but greatly improves efficiency,” he stated.  Under the MTS, small businesses can opt to pay either a fixed quarterly amount, a three per cent turnover tax, or a graduated tax based on simplified accounting.  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 […]