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July 28, 2026
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KPMG calls for phased approach to implement tax reforms in Mid-Year Budget
Money
Policy
Opportunity
Growth
Key Points
- KPMG Ghana urges the government to implement new tax reforms from the Mid-Year Budget using a phased-out strategy.
- Key reforms include the removal of 20% excise duty on locally produced beverages and a massive reform in tax administration structure.
- The government plans to deploy Fiscal Electronic Devices, a VAT Reward Scheme, and technology to collect VAT from non-resident digital platforms.
- KPMG recommends that implementation be supported by clear technical standards, taxpayer education, and reasonable transition arrangements to ensure effective compliance.
- KPMG also supported the government's expenditure rationalization, noting Ghana's positive H1 economic performance with a fiscal surplus, strong reserves, and robust trade position.
Why This Matters
The proposed phased implementation of tax reforms and technology integration is crucial for Ghana to ensure smooth adoption, prevent disruption to businesses, and enhance overall tax compliance and revenue generation. KPMG's positive assessment of Ghana's H1 economic performance signals a strengthening recovery, which is vital for investor confidence, macroeconomic stability, and reducing vulnerability to external shocks.
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