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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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