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August 8, 2026
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GRA must tackle tax leakages and expand informal sector taxation – Asantehene
Money
Policy
Opportunity
Growth
Key Points
- Asantehene Otumfuo Osei Tutu II urged the Ghana Revenue Authority (GRA) to intensify efforts to bring the informal sector into the tax system.
- He stressed the importance of domestic revenue generation through taxation to finance national development and reduce reliance on external funding.
- The Asantehene suggested forming cooperatives among informal sector workers (e.g., hairdressers, mechanics, drivers) to facilitate their integration into the tax net.
- He also called for innovative tax collection approaches and strengthening existing mechanisms to minimize revenue leakages.
- The GRA Board Chairman, Ricketts Hagan, mentioned ongoing stakeholder engagement for tax reforms and the introduction of new systems like Publican AI to improve revenue mobilization.
Why This Matters
This article highlights Ghana's critical need to boost domestic revenue generation, particularly from the informal sector, to achieve sustainable national development and lessen dependence on foreign aid. Successfully integrating the informal sector into the tax system could significantly broaden the tax base, providing crucial funds for infrastructure, social services, and economic stability.
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- An 89-year-old man, Kwaku Opoku, died after being trapped and burnt in a house fire in Aputuogya, Ashanti Region.
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Beverly Afaglo goes home today
- Ghanaian actress Beverly Afaglo is being laid to rest today, August 8, 2026, with a funeral service at the Forecourt of the State House in Accra.
- A private burial will follow, and the funeral activities will conclude with a thanksgiving service on August 9 at Action Chapel International.
- The first phase of the funeral was held a week prior, on August 1, 2026, in Laurel, Maryland, USA, attended by diaspora Ghanaians.
- Beverly Afaglo passed away on May 24, 2026, at the age of 42, after battling cancer.
- She was a notable figure in Ghana's film industry, admired for her performances and contributions to entertainment, and is survived by her husband and two children.