The Ghana Revenue Authority (GRA) has assured investors of a more transparent, predictable and growth-oriented tax regime as part of efforts to restore investor confidence and position Ghana as a preferred destination for foreign direct investment.
Speaking on the sidelines of the Ghana-UK Investment Summit 2026, Technical Advisor to the Commissioner-General of the GRA and Chairperson of the Modified Taxation Scheme, Elsie Appau-Klu, said the Authority is undertaking reforms aimed at creating a tax environment that supports business growth while enhancing compliance.
According to her, investor confidence has become increasingly tied to policy certainty and regulatory predictability, making tax administration a critical component of Ghana’s competitiveness in attracting investment.
“Investors are not only looking for returns. They want certainty in policy, taxation and the assurance that their investments will be protected and allowed to grow,” she said.
Shift from tax collection to partnership
Ms. Appau-Klu explained that the GRA is repositioning itself from a traditional revenue collection agency into a strategic partner that supports economic growth and private sector development.
She noted that under the leadership of President John Dramani Mahama and GRA’s Commissioner-General, Anthony Kwasi Sarpong, the Authority is implementing reforms anchored on fairness, transparency and support for enterprise growth.
A major pillar of the reform agenda is the Modified Taxation Scheme (MTS), which seeks to simplify tax compliance for small and medium-sized enterprises (SMEs) while reducing administrative burdens.
She described SMEs as the backbone of Ghana’s economy, emphasizing that supporting their growth would not only create jobs but also broaden the country’s tax base.
“SMEs are more than taxpayers. They are innovators, employers and drivers of economic transformation. When they grow, government revenue grows sustainably as well,” she stated.
Predictable tax environment key to investment
The GRA official stressed that predictable tax policies are essential for attracting long-term investments, particularly in strategic sectors such as manufacturing, agribusiness, renewable energy and financial technology.
To improve certainty for investors, she said the Authority is strengthening taxpayer education, accelerating the digitization of tax administration and creating direct engagement channels between tax officials and businesses.
These measures, she noted, are intended to ensure that investors understand their obligations clearly and can make long-term business decisions without concerns about unexpected tax liabilities.
“No investor wants surprises. Businesses need a clear understanding of their obligations so they can plan, invest and scale confidently,” she said.
Taxation as a tool for national development
Ms. Appau-Klu argued that taxation should not be viewed solely as a mechanism for raising government revenue but as a tool for promoting inclusive economic development.
According to her, effective tax administration contributes to national development by generating resources for investments in infrastructure, education, healthcare and other public services that support economic growth.
She noted that stronger partnerships between government and the private sector would be essential to achieving the country’s development objectives and creating shared prosperity.
Strengthening Ghana-UK economic ties
The remarks come as Ghana seeks to deepen economic cooperation with the United Kingdom and attract increased investment into key sectors of the economy.
Ms. Appau-Klu said the Ghana-UK Investment Summit provides an important platform for showcasing opportunities in Ghana and reinforcing confidence among international investors.
She emphasized that Ghana offers a combination of market access, a growing talent pool and an improving business environment that makes it an attractive destination for investment.
“Restoring investor confidence is not just a slogan. It is a commitment that is being delivered through policy reforms, technology and improved service delivery,” she said.
She added that the country’s ongoing tax reforms are designed to ensure that both local businesses and foreign investors operate in an environment that promotes growth, compliance and long-term sustainability.
The GRA delegation to the Summit includes Commissioner of the Domestic Tax Revenue Division, Dr. Martin Kolbil Yamborigya; Technical Advisor to the Commissioner-General and Chairperson of the Modified Taxation Scheme, Elsie Appau-Klu Esq; and Chief Revenue Officer and Project Manager for the Modified Taxation Scheme, Mr Victor Akogo.
The Authority believes that strengthening investor confidence through fair and predictable tax administration will play a critical role in attracting capital, creating jobs and driving Ghana’s economic transformation.
Source: businesspostonline
